KPMG’s South Korean enterprise has been fined $350,000 by the US accounting watchdog for failing to have correct procedures in place to stop its auditors from doctoring work papers.
The US Public Firm Accounting Oversight Board’s resolution marks the most recent discovering that KPMG auditors altered paperwork throughout checks on their work, following fines for comparable misconduct within the UK and the US.
The PCAOB additionally fined two former workers who had been discovered to have improperly altered paperwork and violated auditing requirements in the course of the Huge 4 agency’s 2018 audit of the Korean enterprise of an unnamed