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KPMG hit with fines over exam cheating
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The US audit watchdog sanctioned three firms and four audit professionals from KPMG’s global network for alleged misconduct such as failing to cooperate with an inspection and cheating on training exams.
The Public Company Accounting Oversight Board on 6 December said it reached settlements on seven disciplinary orders sanctioning the firms and individuals for violations of professional auditing standards, quality control standards and PCAOB rules.
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