KPMG's US business under fire

Posted by AccountingWEB PM | on Fri, 30/09/2005 - 15:01  7635  1 comment

The US accountancy watchdog has found "significant deficiencies" in audits performed by KPMG's US business.

In its first annual inspection of a Big Four firm, the Public Company Accounting Oversight Board (PCAOB), which was set up under the US Sarbanes-Oxley Act, highlighted 19 audits where it found serious flaws during its 2004 inspection of KMPG.

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For US read UK

AnonymousUser | Sun, 02/10/2005 - 00:38 | Permalink

Culture is something you catch when you join a firm.

It would seem both sides of the pond are the same!

See MP calls for DTI review of Heritage case

Jeff Lampert

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