Tuesday, January 23, 2018

Some Accountants Got Caught in the Revolving Door

In September 2014, the PCAOB issued a report regarding its 2013 inspections of KPMG audits. The report found that out of 50 audits the PCAOB inspected, 23 were deficient. This 46 percent deficiency rate, which placed KPMG third among the “big four” accounting firms, reflected a significant decline ...
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