Accounting Newsletter 

KPMG Australia Audit Partners and Staff Didn’t Get Away with Cheating on Internal Training Exams Either

At the end of the Married With Children episode, “Go For the Old,” Al Bundy says: “It’s only cheating if you get caught.” Well, KPMG got caught. The firm was busted for cheating on internal training exams. Again. Just like in the US. This time the cheating was running rampant in Australia. The PCAOB fined KPMG Australia $450,000 on Sept. 14 for training-related misconduct (i.e., violating PCAOB rules and quality control standards) from 2016 until early 2020, which involved more than 1,100 KPMG partners and staff, including more than 250…

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Accounting Advices 

Friday Footnotes: EYers Fed Up; KPMG Love Triangle; CGMA For Young’uns | 11.19.21

EY faces staff backlash over handling of sexual harassment case [Financial Times] EY is facing a backlash by staff over the accounting giant’s handling of an incident in which a partner sexually harassed a female trainee on a work trip. On an all-staff webcast on Tuesday, EY promised staff it would do more to combat inappropriate behaviour as anger grew concerning a UK partner who was allowed to keep his job even after a professional disciplinary tribunal found that he behaved in an “obscene and aggressive” way at a team…

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