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KPMG Chairman Michael Andrew Dares You to Imagine a ‘Lazy’ Second-tier Firm Auditing a Global Bank in This Day and Age

“Can you imagine a second-tier firm auditing a global bank at a time when there is already a lack of confidence in the marketplace?” He added: “They simply don’t have the skills or the market expertise.” He also accused some smaller rivals of being “quite lazy” about investing in their businesses. [FT]