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KPMG fined $25m over exam cheating at audit firm’s Dutch arm

Big office building of KPMG at Amstelveen, The Netherlands.
KPMG at Amstelveen, in the Netherlands. Photo: Getty Images

Julie DiMauro

5 min read
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The PCAOB has issued the largest civil money penalty in its history.

In the largest fine it has ever imposed, the US audit regulator – the Public Company Accounting Oversight Board (PCAOB) – has fined the Dutch arm of Big Four firm KPMG and its former head of assurance for widespread answer-sharing when taking mandatory internal training exams.

The PCAOB announced the

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