DutchNews.nl,
Monday 03 June 2013
 |
| (ANP) |
Accountants
group KPMG has been fined almost €900,000 by the Dutch financial services
regulator AFM for ‘insufficient quality and having wrong internal procedures’.
The fines
stem from the period February 2008 to July 2009 when the AFM warned KPMG
several times its procedures for carrying out checks on listed companies, banks
and insurers showed shortcomings.
The
organisation says it took steps to meet the AFM’s criticisms in 2009. ‘We have
implemented a string of important measures to considerably strengthen our
processes, professional culture and practices,’ KPMG accountant Marc Hogeboom
is quoted as saying by news agency ANP.
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