KPMG is caught up in scandals but its woes are not existential
The firm has lost clients in South Africa. The fallout elsewhere is limited
AUDITORS are often accused of being too lenient on the companies they scrutinise. After all, those companies pay the bills. The four that dominate the market—Deloitte, EY, KPMG and PwC—also offer lucrative services like consulting and tax advice. Concerns have long swirled that conflicts of interest risk deterring auditors from challenging dodgy accounting.
This article appeared in the Finance & economics section of the print edition under the headline “In the eye of the storm”
Finance & economics September 1st 2018
- A draft deal clarifies what populist trade policy means in practice
- KPMG is caught up in scandals but its woes are not existential
- Rules on bank lending in poor neighbourhoods are being rethought
- Markets bash Argentina’s and Turkey’s currencies again
- Informal trade is ubiquitous in Africa, but too often ignored
- Central bankers grapple with the changing nature of competition
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