• Type: Press release
  • Date: 5/7/2010

ICAC charge against KPMG staff member 

7 May 2010, Hong Kong


KPMG notes the ICAC press release today (Friday 7 May 2010) reporting that an additional charge has been laid against a member of its staff of allegedly accepting an advantage.


KPMG wishes to emphasise again that the alleged payment was in fact reported 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 authority. 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.


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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.


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