KPMG Netherlands has been fined $25 million by the US regulator Public Company Accounting Oversight Board (PCAOB) for widespread cheating during compulsory exams and misleading regulators in the US and the Netherlands. “The PCAOB found that widespread improper answer sharing occurred at the firm over a five-year period and that the firm made multiple misrepresentations to the PCAOB about its knowledge of the misconduct,” the agency said in a statement.