China

Details

  • Type: Press release
  • Date: 4/8/2010

The ICAC charge against a KPMG staff member 

8 April 2010, Hong Kong

 

KPMG notes the ICAC press release today (Thursday) reporting the charging of a member of its staff with allegedly offering a bribe to his subordinate.

 

This alleged payment was in fact discovered by KPMG through KPMG's internal hotline. After investigation, the member of staff in question was suspended by KPMG and a report was then made by KPMG to the relevant authorities. KPMG has been, and continues, to co-operate fully with the authorities.

 

KPMG prohibits payments of any kind to its staff which is strictly against the firm's rules and procedures.

 

KPMG takes its responsibilities to shareholders and the maintenance of well-regulated capital markets very seriously and places paramount importance on compliance with all relevant laws and regulations.

 

- Ends -

 


About KPMG

 

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 146 countries and have 140,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International") a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

KPMG China has 12 offices (including KPMG Advisory (China) Limited) in Beijing, Shenyang, Qingdao, Shanghai, Nanjing, Chengdu, Hangzhou, Guangzhou, Fuzhou, Shenzhen, Hong Kong and Macau, with more than 9,000 professionals.

For media enquiries, please contact:

Nina Mehra

Senior Manager, Media Relations

KPMG China

 +852 2140 2824 (Direct)

   +852 9724 6092 (Mobile)

 nina.mehra@kpmg.com

 

 

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