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“Superior-good quality fiscal statements well prepared and reviewed in accordance with applicable accounting ideas and Qualified requirements will be the bedrock of our cash markets.  KPMG’s ethical failures are simply unacceptable,” reported SEC Chairman Jay Clayton.

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The SEC’s purchase also finds that KPMG audit experts who had passed schooling exams despatched their answers to colleagues to help you them also attain passing scores.  The exams linked to continuing Specialist education and teaching mandated by a previous SEC purchase discovering audit failures.

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