KPMG Fined $25M for Oversight Failure in Training Exams
Wednesday, 10 April 2024, 13:26
KPMG Faces Record Fine for Exam Cheating
The recent revelation that KPMG failed to prevent cheating on training exams has shocked the financial world. The $25 million penalty imposed on the company raises questions about the effectiveness of internal controls and regulatory oversight within the industry. The penalty is more than 3 times the amount of a previous settlement with Deloitte Brazil.
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