KPMG to pay $50M fine for using data stolen from watchdog

KPMG LLP will pay $50 million to settle Securities and Exchange Commission allegations that it altered past audit work after receiving stolen information from an industry watchdog. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON
KPMG LLP will pay $50 million to settle Securities and Exchange Commission allegations that it altered past audit work after receiving stolen information from an industry watchdog. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON
NEW YORK – KPMG LLP, one of the big four accounting firms, will pay $50 million to settle Securities and Exchange Commission allegations that it altered past audit work after receiving stolen information from an industry watchdog. The fine stems from an embarrassing chapter for KPMG that led to five former employees being accused of…

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