For many years the Dutch government lagged behind countries like the United States, the UK and Germany enforcing anti-corruption laws. But that has recently changed in a dramatic way.
Entries in KPMG (16)
UK oil services firm Petrofac PLC said it launched an investigation into allegations of bribery to win contracts Kazakhstan and the Middle East.
Let's go straight to some news from beyond America's shores during the past year.
The Independent Commission for Aid Impact scrutinizes the spending of the UK’s £11.5 billion ($18.4 billion) overseas development assistance budget. The aid budget, which is the second largest after that of the United States, has been expanded to reach .71% of GDP and represents a genuine achievement for the current coalition government in difficult financial times.
Accounting giant Ernst & Young will pay $4 million to settle civil charges that it violated auditor independence rules after one of its units lobbied congressional staffers on behalf of audit clients, the Securities and Exchange Commission said Monday.
The U.S. Securities and Exchange Commission said it is trying to reach a settlement with the Chinese units of the Big Four accounting firms of a long-running dispute over regulators' access to audit documents.
A former chief risk officer for Deloitte & Touche settled SEC civil charges alleging he accepted tens of thousands of dollars in "casino markers" while serving as an adviser on the audit of a casino gaming corporation.
Boards of directors in global companies are showing an increased interest in establishing financial crime committees and hiring notable experts to advise them.
The Securities and Exchange Commission on Friday charged accounting firm KPMG with violating auditor independence rules.