- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2025-01-22T15:05:00
The U.K. Financial Reporting Council (FRC) disclosed an investigation into KPMG’s audit of international sports betting and gambling company Entain Group.
In a press release Monday, the FRC said it launched a probe in relation to the audit conducted by KPMG of the consolidated financial statements of Entain for the year ended Dec. 31, 2022.
The agency noted that the investigation relates only to KPMG’s work “and it would not be fair to treat any part of this announcement as constituting or evidencing an investigation into any other persons or entities.”
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2024-04-10T18:35:00Z By Aaron Nicodemus
KPMG Netherlands agreed to pay a record $25 million penalty levied by the U.S. Public Company Accounting Oversight Board for allegedly allowing widespread cheating by employees on internal training exams and misinforming regulators about the misconduct.
2023-10-12T18:43:00Z By Kyle Brasseur
KPMG accepted the conclusions and record penalties levied against it by the U.K. Financial Reporting Council for the “exceptional” level of deficiencies found to have taken place during the Big Four audit firm’s work at collapsed construction company Carillion.
2022-09-28T11:54:00Z By Neil Hodge
The release of the independent tribunal report into the misconduct of KPMG and five of its former employees for falsifying information in the audits of Carillion and Regenersis provides further details about how the work was doctored—but not why.
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
2025-04-11T08:00:00Z By Adrianne Appel
Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state and federal enforcement actions against the company.
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