Official statements from KPMG Netherlands or major business news outlets.

KPMG Netherlands Fined Record $25M for 2017-2022 Exam Cheating

Apr 15, 2024, 12:21 PM

The Public Company Accounting Oversight Board (PCAOB) has imposed a record $25 million civil penalty on KPMG Netherlands for widespread exam cheating that occurred from 2017 to 2022. The cheating involved top partners at the firm and was described as 'egregious.' This fine marks the largest ever levied by the PCAOB.