Please ensure Javascript is enabled for purposes of website accessibility

Reminder: KPMG Fired a Bunch of People for Mishandling PCAOB Inspections Details They Weren’t Supposed to Have

kpmg auditors pcaob partners conspiracy

KPMG released its global revenue results today and its the standard self-congratulatory Big 4 flimflam that we love to hate around here.

The Wall Street Journal and Financial Times both covered the results in earnest; the Journal noted that KPMG’s growth lagged its BIG peers, while the FT mentioned a couple of the firm’s “huge reputational challenges,” namely its role in South Africa’s massive graft scandal and some of the U.K. audit regulator’s criticism.

But somehow the FT overlooked KPMG’s ginormousest reputational challenge of all — six employees, including two of its audit leaders and five partners in total, fired for mishandling confidential PCAOB inspection details.

Man, remember that? No offense to the FT, necessarily; it’s easy to forget a transgression by a Big 4 firm here and there over the course of the year. There’s always a lot to remember!

Anyway, wanted to make sure that we didn’t omit that one. It was a doozy. As you were.

[WSJ, FT, @retheauditors]

Latest Accounting Jobs--Apply Now:

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

EY Interns Are Going to Have the Worst Summer

It’s gonna be a lame summer for EY interns as the firm has trimmed internships down to six weeks and is withholding both Disney AND intern gifts. When it happened in winter, interns were apparently told it was “because of budgeting due to the potential split.” Now that the Project Everest split is a no-go […]

Bonus Season Is Not Looking Good at the King’s KPMG

According to reporting across the pond (including this story from City A.M. we shall be quoting in a moment), KPMG UKers are not going to have a fruitful bonus season due in large part to a slowdown in business. KPMG has slashed the bonus pool of its UK workforce and reined in commission for salespeople […]