KPMG Case II

Neriman Yalcin ()
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Neriman Yalcin: Adana Alparslan Turkes University of Science and Technology, Faculty of Business Administration, Department of Business Administration, Adana, Turkey

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2022, vol. 0, issue 67, 83-96

Abstract: This study was written with the purposes of following up on the case of KPMG Limited International and the incidents published in 2020 under the title Illegal Use of PCAOB Data and Cheating in Training Exams and of reviewing the second incident of cheating at the KPMG Australia office. In the first case, KPMG had illegally obtained confidential data and checklists from the Public Company Accounting Oversight Board (PCAOB) for surveillance activities and profited off of them between 2015-2017. At around the same time, KPMG also cheated on the educational exams administered to auditors from the U.S. Securities and Exchange Commission (SEC). The judicial and administrative investigations of those involved in the irregularities began in 2020. The public was shaken by a second exam scandal in 2021 as these investigations were still ongoing. In this regard, this study evaluates the motivation behind KPMG’s continued irregularities and the sanctions imposed regarding the resulting investigations through the official statements of regulatory bodies such as the SEC and PCAOB.

Keywords: PCAOB; KPMG; Audit Firm’s Cases (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2022:i:67:p:83-96

DOI: 10.26650/MED.1115826

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