Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

KPMG faces $21 million fine for misconduct in a 2011 deal

June 22, 2021 Reprints

The U.K.’s Financial Reporting Council is looking to impose a £15 million ($21 million) fine on KPMG U.K. Ltd. for the latter’s “gross misconduct” over a conflict of interest in an acquisition deal in 2011, Bloomberg reported. KPMG advised on the purchase of U.K.-based bed manufacturer Silentnight Group Ltd. by private equity firm HIG Capital LLC and is accused of dishonestly advancing or associating itself with misleading statements.

Help

KPMG faces $21 million fine for misconduct in a 2011 deal

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources