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KPMG to pay more than $6.2 mln to settle U.S. charges -SEC

Reuters - UK Focus

WASHINGTON, Aug 15 (Reuters) - Financial auditing firm KPMG will pay more than $6.2 million to settle U.S. charges that it failed to properly audit financial statements of an oil and gas company, the U.S. Securities and Exchange Commission said on Tuesday.

KPMG did not admit or deny the agency's findings that the company and a partner improperly audited Miller Energy Resources in 2011 "resulting in investors being misinformed about the energy company's value," the SEC (Shanghai: 603988.SS - news) said in a statement. (Reporting by Susan Heavey)