KRTL BioTech

KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC

KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC

KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm's previous audit work and cheated on training exams, the U.S. Securities and Exchange Commission said on Monday.