Please ensure Javascript is enabled for purposes of website accessibility
February 5, 2023

Lawyer: KPMG Not Much of a Keeper in FIFA Scandal

Francine McKenna gets in on KPMG’s flop as FIFA auditor today, and Jerry Silk, a lawyer who has represented investors in lawsuits against Big 4 firms, suggests that the firm may have been ball watching: 

“With all the prior allegations of corruption and bribery leveled against FIFA and some of its member associations over the years, KPMG should have been on high alert to the potential for corruption,” [Silk] said. “Auditors are supposed to do more and be more vigilant when there’s clearly higher risk.”
 

Latest Accounting Jobs--Apply Now:

There are currently no vacancies.

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Turns Out Cohen & Company Auditors Are Human After All

Breaking news: Cohen & Company made a mistake on one of its audits inspected by the PCAOB. Big deal, you’re probably thinking, audit firms screw up all the time—some more than others. (We’re looking at you, BDO USA.) But Cohen & Company had perfect auditing report cards from the PCAOB for 2018, 2019, and 2020. […]

UK money

The Most-Fined Big 4 Firm in the UK is Raising Audit Fees, Knows Clients Will Complain About It

Bloomberg reported today that KPMG UK CEO Jon Holt told them the firm plans to raise audit fees, news that comes on the same day we find out KPMG UK revenue increased 12% to £2.72 billion ($3.3 billion) for their fiscal year ending in September. Much of that did not come from audit however, deal […]