WASHINGTON (Reuters) – The Public Company Accounting Oversight Board has sanctioned KPMG LLP’s former vice chair of audit “for failure reasonably to supervise,” the organization said in a statement on Tuesday.
PCAOB fined Scott Marcello $100,000 and censured him for “supervisory failures” in connection to the company’s use of confidential information, the group said, adding that it was PCAOB’s largest individual penalty ever in a settled proceeding.
(Reporting by Chris Prentice and Susan Heavey; Editing by Chris Gallagher)
