The fine on the auditing firm's Netherlands unit is the largest ever from the Public Company Accounting Oversight Board, eclipsing its $8 million levy on Deloitte Brazil in 2016.
Mark Maurer is a reporter for The Wall Street Journal, specializing in corporate finance and accounting. With a background in financial reporting, Mark has covered topics such as regulatory investigations, layoffs, and changes in accounting standards. His work has been featured in various publications, including Financial News, Cairns Post, MarketWatch, and Yahoo Finance.