Kpmg

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- Another horror week for KPMG
  Posted by SoxFirst
  Another bad week for KPMG with the US Government pushing ahead with its tax shelter case, the firm being pinged $80 million for accoutning fraud and then being accused of Enron-style shenanigans with failed subprime lender New Century Financial.
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- KPMG case - the Government strikes back
  Posted by SoxFirst
  The US Government has been accused of abusing its powers in the prosecution of alleged wrongdoers. Now the prosecutors are getting their own back. They have asked the court to reinstate criminal charges against 13 former KPMG partners who were let off for peddling dubious tax shelters
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- Siemens smell continues
  Posted by SoxFirst
  Siemens is trying to move on from the bribery scandal by creating a new board position for legal and compliance issues. But investigations in Italy, Germany and the US are continuing and now there’s a probe into how much KPMG knew.
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- PCAOB roasts KPMG
  Posted by SoxFirst
  KPMG has been hauled over the coals by the Public Company Accounting Oversight Board for some pretty basic deficiencies. Read through the PCAOB report , and you realize we are talking Accounting 101.
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- KPMG and justice: waiting for the next instalment
  Posted by SoxFirst
  A judge has dismissed charges against 13 former partners of accounting giant KPMG. US attorney general Alberto Gonzalez says the US Government will be appeal but as the judge pointed out, there has been a fundamental violation of rights where the Government denied people the right to defend themselves in court.
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- Big threats from KPMG avoided charges
  Posted by SoxFirst
  Documents reveal that KPMG, to get out being prosecuted for selling fraudulent tax shelters, threatened to leave more than 1000 companies without an auditor. The US Justice Department caved in and the firm got away with it.
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- Green light for cross-border fraud
  Posted by SoxFirst
  Cross-border fraud is now one of the top 10 business risks but most companies are not prepared, according to a new study. The cross-border fraudsters are getting away with it.
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SoxFirst
Member since Aug 2008
Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.
Melbourne

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Kpmg

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