KPMG LLP flunked a secondary round of audit inspections after the Big Four firm admitted to cheating on its 2016 annual regulatory review.
The Public Company Accounting Oversight Board found audit violations in nine out of 10 additional audits pulled by inspectors as part of the 2016 review. The board released the firm’s inspections reports for 2016 on Jan. 25—the same day it released the inspections results for 2017.
The cache of reports is the latest development in a scheme that left former employees at KPMG and PCAOB facing criminal charges for trying to steal audit examination details from ...
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