Last week, the SEC fined KPMG for stealing inspection information and cheating on internal exam results. Following the breaking news, the firm’s employees have taken to our professional community app Fishbowl to air their grievances, calling the news “embarrassing,” with another employee commenting that it “makes me regret my decision” to join KPMG.
Currently, more than 7,500 KPMG employees use Fishbowl to discuss workplace issues, so we decided to ask them about the recent news. We asked KPMG employees as well as our community of accounting professionals from other companies one simple question: “How does the $50 mil. SEC settlement scandal affect your perception of the firm?”
Employees could answer with A.) It confirmed my perception, B.) It changed my perception, or C.) No opinion. The survey ran from June 13th through June 18th, 2019 and was answered by a total of 650 accounting professionals, as well as 300 KPMG employees.
Here’s what we found:
- 29.8% of KPMG employees said the news confirms their perception of the company.
- 28.9% of KPMG employees said the news changes their perception of the company.
- 41.4% of KPMG employees said they have no opinion.
When we looked at the overall results, the accounting community appears to be less surprised about the news:
- 40.8% of accounting professionals said the news confirms their perception of KPMG.
- 13.3% of accounting professionals said the news changes their perception of KPMG.
- 45.9% of KPMG employees said they have no opinion.
Below are comments from Fishbowl users about the scandal.
So, how does the recent scandal affect your perception of KPMG? Tweet us @fishbowlapp and let us know.