KPMG

A former KPMG partner was sentenced for his role in eliciting confidential information from the U.S. audit regulator to boost the firm’s annual inspection results.

Accounting giant KPMG was fined 3.5 million pounds ($4.24 million) for misconduct over reports on Bank of New York Mellon Corp.

The Securities and Exchange Commission charged the firm with changing some of its previous audit work and manipulating results of its internal training tests.

The firm said the fine should be just a fraction of that size, at 1.4 million pounds.

The Big Four firm announced that University of Kentucky professor Jeff Payne will be the fourth academic to oversee audit education and research.

The second annual competition saw STEM student teams from across the globe develop AI-driven solutions.

The two universities join the University of Mississippi in including a tax concentration for the Master of Accounting with Data and Analytics program.

Honkamp Krueger and PICPA launch podcasts; two universities expand KPMG master of accounting with data and analytics program to include tax; and more CPA news.

The United Kingdom’s Financial Reporting Council has fined KPMG’s U.K. firm £5 million (discounted through a settlement to £4 million, or about $5.2 million) for its fiscal year 2009 audits of the Co-operative Bank.

Online career resource Vault.com named the Big Four firms as the best accounting workplaces committed to female, minority and LGBT diversity for staff members.