What Verdica's 830 score means for KPMG LLP
KPMG LLP in Illinois earned a composite score of 830 out of 850, placing it in Verdica's "excellent" band (800–850). This score reflects strong performance across the three dimensions Verdica tracks: state licensing credentials, PCAOB audit history, and disciplinary records.
For a business owner or purchaser evaluating accounting providers, a score in this range suggests the firm has maintained compliance with both state and federal regulatory requirements and has not accumulated significant audit findings or disciplinary actions. The gap of 20 points between KPMG's score and a perfect 850 is modest and does not indicate a red flag; rather, it suggests minor findings in at least one category that regulators monitor but did not rise to the level of major deficiency or enforcement action.
Readers should interpret this as: KPMG LLP has cleared the baseline thresholds for regulatory approval and operates within acceptable compliance parameters. It is not a guarantee of service quality or fit for your specific needs—it is a measure of regulatory standing and historical compliance record only.
How the sub-scores break down
License & Credentials: 850
This perfect sub-score indicates KPMG LLP holds current, valid registration with the Illinois state board and meets all licensing requirements to practice as a public accounting firm. No lapses, restrictions, or credential deficiencies were identified by Verdica's underlying data sources.
PCAOB Record: 800
The Public Company Accounting Oversight Board (PCAOB) conducts quality inspections of firms that audit public companies. A score of 800 suggests KPMG's audit files have been reviewed by the PCAOB and some findings were noted—typically related to audit sampling, documentation, or technical application of standards—but they did not rise to the level of "deficiency" or trigger enforcement escalation. Most large firms will have inspection findings; the score reflects that these were within normal range and remediated or addressed.
Disciplinary: 850
This perfect score means no disciplinary actions, sanctions, or enforcement proceedings were recorded against KPMG LLP in Verdica's data sources during the review period. This includes actions by state boards, the PCAOB, or the SEC. The absence of disciplinary history is a positive indicator of regulatory compliance.
What regulators in IL track for accounting providers
Illinois requires all public accounting firms to register with the Department of Financial and Professional Regulation (DFPR). State boards track renewal status, continuing education compliance, and any violations of professional conduct rules. A firm's licensing score hinges on whether it maintains active registration and has no board-imposed restrictions.
The PCAOB, a federally authorized authority, inspects all U.S. firms that audit public companies or issuers of securities. PCAOB inspections review audit workpapers for compliance with auditing standards, evaluation of internal controls, and appropriateness of audit procedures. Inspection reports may cite deficiencies (technical audit failures), quality control findings, or violations. These findings can be public or non-public depending on severity and remediation. A firm's PCAOB score reflects the nature and frequency of findings over time.
Disciplinary records track formal enforcement: suspensions, revocations of licenses, fines, or public censures. These are the most serious regulatory outcomes and are typically reserved for willful misconduct, fraud, or repeated violations.
Verdica pulls data from state registration databases and published PCAOB inspection reports to score providers on these dimensions.
Bottom line
KPMG LLP in Illinois presents as a low-risk provider from a regulatory compliance standpoint, with strong credentials, minimal PCAOB findings, and no disciplinary history. Before engaging them, verify their specific experience with your industry or audit type, confirm insurance and staffing capacity, and request references—compliance score alone does not predict service delivery or cultural fit.