On January 24, 2014, KPMG agreed to pay $8.2 million to settle charges by the SEC that the firm violated auditor independence rules because it:

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KPMG violated auditor independence rules by providing nonaudit services (such as bookkeeping and financial statement preparation) to affiliate companies whose books it was auditing, creating a conflict of interest. This was in violation of SEC rules that require auditors to maintain independence from their clients to ensure they provide unbiased and objective opinions on financial statements.

On January 24, 2014, KPMG Agreed to Pay $8