PracticeAccounting FirmsKPMG Netherlands chief quits over tax fraud probe

KPMG Netherlands chief quits over tax fraud probe

Jurgen van Breukelen steps down as head of KPMG in the Netherlands following tax fraud investigation

THE HEAD of KPMG in the Netherlands has resigned less than a month after an investigation commenced into an alleged tax fraud at a venture it set up to build a new Dutch headquarters.

Jurgen van Breukelen, who was in the position for less than two years, said he was stepping down to enable the company to break from “the recent past of misjudgments and errors”, Reuters reports.

A KPMG spokesman said van Breukelen was not among those people being investigated and there was no direct link between the tax probe and his resignation.

Last month, Dutch authorities launched a criminal investigation into a joint venture between KPMG and a project developer, including the role of two unidentified senior executives.

It represents the second time in two years that wrongdoing has been alleged at the Dutch arm of KPMG.

In December, KPMG said prosecutors had been investigating three former accountants at KPMG Accountants NV and that it had settled with authorities for €7m (£5.7m).

 

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

3m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Partner joins BDO from KPMG

Accounting Firms Partner joins BDO from KPMG

3m Alia Shoaib, Reporter
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
FRC closes investigation into PwC over Tesco accounts

Accounting Firms FRC closes investigation into PwC over Tesco accounts

6m Alia Shoaib, Reporter
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

7m Emma Smith, Managing Editor