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Three former KPMG audit partners settle US SEC charges for exam sharing misconduct

( May 18, 2020, 21:55 GMT | Official Statement) -- MLex Summary: Three former KPMG audit partners have settled charges with the US Securities and Exchange Commission for cheating on internal training exams aimed at testing KPMG's audit professionals' understanding of accounting and auditing principles, the SEC said. The three also allegedly concealed evidence from KPMG investigators or misled them. Without admitting or denying the findings, Timothy Daly, Michael Bellach, and John Donovan agreed to be suspended from appearing or practicing before the SEC as an accountant, with the right to apply for reinstatement after three years, two years, and one year, respectively.Statement follows below:...

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