What were the consequences of the KPMG crime in the USA?

Study for the AQA Sociology Crime and Deviance Test. Use flashcards and multiple choice questions, complete with hints and explanations, to master the subject. Excel in your exam!

The choice indicating that KPMG was fined $456 million for tax fraud accurately reflects one of the immediate consequences of the firm's involvement in illegal activities surrounding tax shelters. This penalty was part of a broader effort to hold corporations accountable for unethical practices and to deter similar actions in the future. The substantial fine underscored the seriousness of financial crimes and the government's commitment to enforcing tax laws.

Additionally, while other choices address the fallout of the scandal, they either misstate the ongoing status of KPMG or oversimplify the regulatory response. The actual financial penalties imposed on KPMG were significant and highlighted the tension between corporate compliance and aggressive tax avoidance strategies. This incident contributed to further scrutiny of corporate governance and practices by regulatory bodies.

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