Editing KPMG (section)

==== 2013 ====
In April, Scott London, a former KPMG LLP partner in charge of KPMG's US Los Angeles-based Pacific Southwest audit practice, admitted passing on stock tips about clients, including [[Herbalife]], [[Skechers]], and other companies, to his friend Bryan Shaw, a California jewelry-store owner.<ref name=gpkpmg>{{cite news|url=http://www.latimes.com/business/la-fi-insider-sentencing-20140603-story.html|title=Bryan Shaw Sentenced to Prison in KPMG Insider Trading Case|newspaper=Los Angeles Times|first=Riley|last=Snyder|date=2 June 2014|access-date=2 May 2018}}</ref> In return Shaw gave London $70,000 as well as gifts that included a $12,000 Rolex watch and concert tickets.<ref name=wsj9>{{cite news|last=Rapoport|first=Michael|title=Guilty Plea in KPMG Case|url=https://online.wsj.com/news/articles/SB10001424127887323826804578467333522974930|newspaper=The Wall Street Journal|access-date=8 September 2014 |date=6 May 2013}}</ref><ref name=gpkpmg/> On 6 May, Shaw agreed to plead guilty to one count of conspiracy to commit [[securities fraud]]. He also agreed to pay around $1.3 million in restitution, and to cooperate with the government as part of a plea deal with federal prosecutors.<ref name=R9>{{cite news|last=Flitter|first=Emily|title=Friend of ex-KPMG auditor pleads guilty in insider case|url=https://www.reuters.com/article/us-kpmg-idUSBRE9450SR20130506|work=Reuters|access-date=8 September 2014|date=6 May 2013|archive-date=6 October 2014|archive-url=https://web.archive.org/web/20141006194258/http://www.reuters.com/article/2013/05/06/us-kpmg-idUSBRE9450SR20130506|url-status=live}}</ref> This scandal led KPMG to resign as auditor for Herbalife and Skechers.<ref>{{cite news|url=https://online.wsj.com/news/articles/SB10001424127887323550604578411812224197182 |title=Trading Case Embroils KPMG |work=[[The Wall Street Journal]] |date=9 April 2013 |access-date=8 September 2014}}</ref>

The Office of Counter-Terrorism and Financial Intelligence of the US Department of the Treasury accused KMPG, Ernst & Young and PwC of collaborating with British intelligence services to provide analytical information on financial transactions and reports of British organizations operating in the United States with contract agreements with government agencies.<ref>{{Cite news |last=Thompson |first=Jennifer |date=May 4, 2017 |title=Accounting watchdog to investigate KPMG over Rolls-Royce audits |work=The Financial Times |url=https://www.ft.com/content/bacca773-1c6f-3714-848a-055d4f286947 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/bacca773-1c6f-3714-848a-055d4f286947 |archive-date=10 December 2022 |url-access=subscription |url-status=live |access-date=May 22, 2022}}</ref>