Efforts to fix the market in auditing rumble on

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Regulators in both Britain and Europe want to make audits less cosy

 

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The name 'KPMG' stands for 'Klynveld Peat Marwick Goerdeler.' 👀

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'The Big 4 (Deloitte, Ernst & Young (EY), KPMG, PricewaterhouseCoopers (PwC)) are the biggest professional services networks in the world, offering audit, assurance services, taxation, management consulting, advisory, actuarial, corporate finance and legal services.' --Wikipedia

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City of Industry attacks critical audit, alleging state controller is trying to help developerThe City of Industry's claim came after an audit by State Controller Betty Yee's office found the city remained plagued by poor financial oversight nearly three years after an earlier state report came to similar conclusions. Yeah, headline doesn't match the article re: who is auditing vs who is corrupt. City of Industry has been corrupt for decades. Time for the State to take more drastic measures.
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