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KPMG (Hyflux’s and Temasek’s auditor) latest US problem

In Accounting, Corporate governance on 18/06/2019 at 6:58 am

KPMG has agreed to pay U$50m to settle claims by the Securities and Exchange Commission that it went back to alter audits it had already completed, after using stolen data from the Public Company Accounting Oversight Board, an accouting watchdog that revealed they were about to be inspected.

The SEC also found that numerous KPMG audit professionals had cheated on internal training exams by sharing answers and manipulating test results.

Related post: Hyflux: “going concern” BS/ KPMG again and again

 

 

 

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