According to Accounting Today, KPMG faces a 15M pound fine (or $21M), for gross misconduct in the U.K.
- What were the name of the company and the private equity firm that relied on misstatements by KPMG?
- What was the name of the partner at the head of the consulting engagement?
- How many times did does the conflict of interest situation allege that KPMG misrepresented statements or lost objectivity?
Gillespie, T. and E. Milligan. (2021). KPMG faces $21 million fine for H.I.G. Capital conflict. Accounting Today, June 28 (Retrievable online at https://www.accountingtoday.com/articles/kpmg-faces-21m-fine-for-h-i-g-capital-conflict?)