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According to Accounting Today, KPMG faces a 15M pound fine (or $21M), for gross misconduct in the U.K.


  1. What were the name of the company and the private equity firm that relied on misstatements by KPMG?
  2. What was the name of the partner at the head of the consulting engagement?
  3. 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