Tuesday, December 19, 2017

Top 5 audit fines of 2017

KPMG was fined $6.2m (£4.8m) by the US Securities and Exchange Commission (SEC) over its audit of Miller Energy. The firm issued an unqualified report of Miller Energy's 2011 financial statements despite the company grossly overstating the value of certain assets and counting some twice. The SEC ...
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