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KPMG Sanctioned In Connection With 2017 Rolls-Royce Enforcement Action

By on May 27, 2022 in Auditing Issues, KPMG, Rolls-Royce
KPMG

As highlighted in prior posts here and here, in 2017 Rolls-Royce resolved a U.S. FCPA enforcement as well as U.K. enforcement action concerning bribery in a variety of countries.

Recently, the U.K.’s Financial Reporting Council, the U.K.’s audit regulator, imposed sanctions against KPMG Audit plc (KPMG) and Anthony Sykes, Audit Engagement Partner in relation to the statutory audit of the consolidated financial statements of Rolls-Royce Group plc (the Company) for the financial year ended 31 December 2010 (the Audit).

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A Unique FCPA Enforcement Action Then And Still Unique Now

By on March 29, 2017 in 1998-2004 Enforcement Actions, DOJ Enforcement Action, Individual Enforcement Action, Indonesia, KPMG, Permits / Licenses / Customs / Tax, SEC Enforcement Action, Sonny Harsono
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[This post is part of a periodic series regarding “old” FCPA enforcement actions]

As highlighted in this prior post, the DOJ used to civilly enforce the Foreign Corrupt Practices Act. One of enforcement actions highlighted, indeed the last time the DOJ used this express statutory provision, was a 2001 enforcement action against KPMG Siddharta Siddharta & Harsono and Sonny Harsono.

It was a unique FCPA enforcement action at the time (believed to be the first time the DOJ/SEC had ever brought an FCPA action against a professional services firm – i.e. a law firm or accounting firm) and still remains unique in that the DOJ/SEC are believed to have never again brought an FCPA enforcement action against a professional services firm.

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Friday Roundup

By on April 22, 2016 in 21st Century Fox, Anything of Value, AT&T, Citibank, CreditSuisse, Dmitrij Harder, Golf, HSBC Holdings, JPMorgan, Julius Baer Group, KPMG, Newmont Mining, Nike, Petrofac, PTC, Related Foreign Investigations, SQM, Standard Chartered, Statute of Limitations, UBS
Roundup

Harder pleads guilty, scrutiny alerts and updates, when the dust settles, visual proof, and golf. It’s all here in the Friday roundup.

Harder Pleads Guilty

As highlighted in this post, in January 2015 the DOJ announced a Foreign Corrupt Practices Act enforcement action against Dmitrij Harder for allegedly bribing an official with the European Bank for Reconstruction and Development. Harder is a Russian national, naturalized German citizen and permanent resident of the U.S. and the former owner and President of Chestnut Consulting Group Inc. and Chestnut Consulting Group Co. both based in Pennsylvania.

The enforcement action was notable in that it invoked the rarely used “public international organization” prong of the FCPA’s “foreign official” definition.

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