By: Golf Channel | Duration:
Video Description
Watch the best moments from the first round of the 2025 KPMG Women’s PGA Championship at Fields Ranch East in Frisco, …
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By: Golf Channel | Duration:
Watch the best moments from the first round of the 2025 KPMG Women’s PGA Championship at Fields Ranch East in Frisco, …
By: DP World Tour | Duration: 00:18:09 Video Description Some fo the craziest moments from the BMW PGA Championship featuring Rory McIlroy, Jon Rahm and Justin Rose. ► SUBSCRIBE: http://et.golf/Subscribe Welcome to the Official YouTube channel of the DP World Tour....
By: Golf Channel | Duration: 00:09:17 Video Description Darren Clarke discusses why there is nothing in golf like playing in the Ryder Cup, how emotional it was for him to participate in the 2006 competition, if the Americans will have an advantage at Bethpage Black...
By: gm__golf | Duration: 01:04:20 Video Description [vid_desc
Commentators:
Cara Banks & Paige McKenzie (early)
Terry Gannon & Morgan Pressel (later)
Tower Announcer:
Tom Abbott
On Course:
Kay Cockerill
Karen Stupples
McKenzie
Interviews:
Amy Rogers
Rules:
Not available (PGA Of America)
KPMG has faced numerous allegations and penalties related to crimes and misconduct, including tax shelter fraud, exam cheating, and insider trading. These incidents have led to significant fines, legal settlements, and reputational damage for the firm.
Here's a breakdown of some key instances:
Tax Shelter Fraud:
In 2005, KPMG LLP admitted to criminal wrongdoing in designing and marketing fraudulent tax shelters to wealthy individuals.
The firm and nine individuals were accused of conspiring to defraud the IRS by creating shelters like FLIP, OPIS, BLIPS, and SOS.
KPMG agreed to pay $456 million in penalties as part of a deferred prosecution agreement.
This case involved the creation of false tax losses for clients, allowing them to avoid paying taxes owed to the government.
Exam Cheating:
KPMG has been penalized for exam cheating scandals, particularly within its Netherlands division.
The firm's professionals were found to have improperly shared answers and manipulated test results on mandatory training exams.
In 2024, KPMG Netherlands was fined a record $25 million by the PCAOB for exam cheating and misleading investigators.
Similar issues with exam cheating have been identified at KPMG's other international branches, according to Reuters.
Insider Trading:
A former KPMG senior partner, Scott London, was sentenced to prison for insider trading.
London provided confidential client information to a friend, who used it to make profitable trades.
He received bribes and luxury items in exchange for the information.
Other Issues:
KPMG has also faced penalties related to the use of stolen PCAOB data and altering past audit work, according to the SEC.
The firm has been under investigation for its audits of companies like Entain.
KPMG has faced scrutiny for its role in the Rolls-Royce bribery scandal, resulting in fines, according to Accountancy Age.
These incidents highlight a pattern of misconduct within KPMG, impacting its reputation and leading to significant financial and legal repercussions.
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