Netherlands arm of KPMG fined $25M for cheating in exams

Staff followed US lead and shared answers after move to online testing

KPMG Accountants NV, the Netherlands-based arm of the global professional services firm, has been fined $25 million (23 million, 20 million) by the US's Public Company Accounting Oversight Board (PCAOB) for failing to prevent its financial auditors from cheating on exams....