The Norwegian branch of KPMG International will pay $53.6 million to eight banks in order to settle damages over one of the country's worst bankruptcies.

In June, the accounting firm was ordered to pay $100 million in damages, after Oslo's district court found that the accounting group was negligent in auditing the books of Finance Credit.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access