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    KPMG In The News – Not The Good Kind

    Friday, November 28th, 2008

    The Friday after Thanksgiving should be a quiet news day.  But not in this crisis environment.  In addition to heartbreaking news from Mumbai, two more stories about KPMG were caught in my newsnet in the last twenty-four hours. The first story is the latest in a long series of stories I’ve written about Siemens.  The […]

    Hey KPMG – Watch Your Back At Computer Associates

    Thursday, September 4th, 2008

    It looks like the saga of Computer Associates is far from over.   You may recall that KPMG, their long time auditors, are still their long time auditors.   And you may recall that, at one time, Computer Associates management said that their accounting troubles were all behind them.  After all, management now is an […]

    PCAOB Faults Flaws in KPMG’s Audits

    Monday, August 18th, 2008

    We’re just spinning and swirling… See my comment on this article here. The auditor should have done more work to support its opinions at 10 companies, the board’s inspection report says.Sarah Johnson, CFO.com | US August 18, 2008 KPMG failed to do the proper evaluations and testing procedures to back up its assessments of 10 […]

    "Rogue" Partners At KPMG Christchurch

    Tuesday, July 15th, 2008

    Here in the US, we are accustomed to the concept of a national practice  for our Big 4 firms.  Although each of the local offices, in each city, in each state has a Managing Partner and local partners, the firms are rarely separate legal entities.  A partner is a partner of the National firm, not […]

    KPMG India Thanks The SEC For IFRS

    Friday, July 11th, 2008

    Res ipsa loquitur… Actually, India signed on back in 2007. But the boost to business to all the Big 4 firms globally should be comparable, now that the US has also jumped on board… KPMG sees big market in financial reporting standards Chennai, July 10 From 2011, all companies in India will have to draw […]

    GE – Is KPMG Still Their Auditor?

    Wednesday, July 9th, 2008

    News comes of another Big 4 firm with a big client with big troubles in Brazil. A few months ago it was PwC, potentially helping Cisco evade taxes in Brazil.  Now word comes that GE has possibly been underpaying VAT by shipping  light bulbs, at least on paper, to remote parts of the Amazon. GE’s […]

    Trust Me – KPMG UK Strains Credibility

    Wednesday, June 25th, 2008

    Why does it take so long for these cases to wind through the regulatory process?  Do they always have to wait until the external legal proceedings are completed and criminal guilt found before finding that accountants were involved and deserving of sanction?   We’ve seen the sanctions handed down by the SEC lately and they […]

    This Time KPMG UK Is Blaming The Merger

    Thursday, May 22nd, 2008

    What’s next?  The dog ate my workpapers? I guess the 6% that aren’t proud to be associated with KPMG UK are the ones getting “redundanced.” You had to know that this is what they meant (not too many partners, oh no…) when they talk about gaining “efficiencies” from these activities. The other Big 4 in […]

    KPMG Makes M&A Staff in UK "Redundant"

    Thursday, May 15th, 2008

    Photo Source How I like the quaint terms they use in other parts of the world to express the ugly fact… People are losing their jobs and the firms won’t admit it.   You’d think they were chatting at a tea party.  The Big 4 are as vulnerable to an economic downturn as any of their […]

    KPMG Has Had Tough Weeks Before

    Friday, March 28th, 2008

    Michael David Thomas of the Daily Caveat reminds me that the hits just keep on coming for KPMG this week.  Their decade old issues with Xerox bit them in the ass again.   That’s the problem, if there is one, with the securities litigation approach to bringing justice and exposure regarding the roles played by […]