KPMG Australia Censured and Fined Over Widespread Exam Cheating
US audit watchdog, the Public Company Accounting Oversight Board (PCAOB), has fined KPMG Australia $615,000 (US$450,000) after it was revealed that there was widespread cheating being done during online internal training tests conducted between 2016 and 2020. KPMG discovered the irregularities in 2020 and made disclosures to regulators, including PCAOB…