Public accounting oversight board sanctions KPMG’s ex-vice chair -Breaking
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© Reuters. WASHINGTON (Reuters), KPMG LLP has sanctioned its former vice-chair of audit for “failing reasonably to supervise,” it said in a Tuesday statement.
Scott Marcello was censured by the PCAOB for his “supervisory failings” and a $100,000 fine. This is the largest penalty in an individual proceeding of the PCAOB.
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