KPMG to Pay as Much as $50 Million to Settle SEC Probe

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KPMG to Pay as Much as $50 Million to Settle SEC Probe
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The fine would be the highest ever imposed by the SEC on an auditor

WASHINGTON—KPMG LLP is preparing to pay as much as $50 million to settle civil claims related to the conduct of former partners who learned which of their audits would be subject to surprise regulatory examinations, according to people familiar with the matter.

The fine would be the highest ever imposed on an auditor in a Securities and Exchange Commission action. The details could change as agency commissioners debate the final details of the settlement.

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