The Commodity Futures Trading Commission understated liabilities by $194 million in fiscal 2014 and $212 million the following year, the agency’s auditor KPMG [KPMG.UL] estimated in the documents. The understatements are the equivalent to more than 75 percent of the CFTC’s $250 million annual budget. CFTC’s management responded to KPMG’s report by saying that it is investigating whether accounting rules were broken.