The headline of the article is “KPMG hit with yet another audit fine but firm insists it has changed”. The author of the article is James Moore.
The article under discussion is devoted to the problem of scandals around auditing firm and its influence on reputation.
At the beginning of the article the author tells about some world known companies, that suffered from financial scandals and they were all audited by KPMG when the scandals occurred. An investigation was eventually launched into the auditing of the insurer by KPMG in 2007, 2008 and 2009. Ten years on from the last of those audits and an independent tribunal has found misconduct, fining the firm £6m, and both a current and former KPMG partner £100,000 each.
In conclusion the author points out that after all scandals the firm is also making a big fuss about the steps it has taken to improve the quality of its work. KPMG says it disagreed with the sanction rather than the findings. The author think that’s not a great answer. The author concludes by saying that tt’s certainly not a good look.
I have found the article informative because I’m interested in audit.
The headline of the article is “KPMG hit with yet another audit fine but firm insists it has changed”. The author of the article is James Moore.
ОтветитьУдалитьThe article under discussion is devoted to the problem of scandals around auditing firm and its influence on reputation.
At the beginning of the article the author tells about some world known companies, that suffered from financial scandals and they were all audited by KPMG when the scandals occurred.
An investigation was eventually launched into the auditing of the insurer by KPMG in 2007, 2008 and 2009. Ten years on from the last of those audits and an independent tribunal has found misconduct, fining the firm £6m, and both a current and former KPMG partner £100,000 each.
In conclusion the author points out that after all scandals the firm is also making a big fuss about the steps it has taken to improve the quality of its work. KPMG says it disagreed with the sanction rather than the findings. The author think that’s not a great answer. The author concludes by saying that tt’s certainly not a good look.
I have found the article informative because I’m interested in audit.