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The KPMG tax shelter fraud scandal involved illegal U.S. tax shelters by KPMG that were exposed beginning in 2003. In early 2005, the United States member firm of KPMG International, KPMG LLP , was accused by the United States Department of Justice of fraud in marketing abusive tax shelters .
KPMG was the preferred employer among the Big Four accounting firms according to CollegeGrad.com. [47] It was also ranked No. 4 on the list of "50 Best Places to Launch a Career" in 2009 according to Bloomberg Businessweek. [48] It was reported in early 2012 that KPMG has about 11,000 staff in the UK and 9,000 in mainland China and Hong Kong.
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Eugene O'Kelly was a former Chairman and CEO of KPMG, one of the largest U. S. accounting and consulting firms and one of the Big Four auditors. Eugene was elected chairman and CEO of KPMG (U.S.) in 2002 for a term of six years. In May 2005, at age 53, Eugene was diagnosed with a terminal brain tumor. [1]
No part of this book may be transmitted or reproduced in any form by any means without permission in writing from the publisher. Developmental Editor: John Barstow Editorial Director: Shay Totten Project Manager: Emily Foote Copy Editor: Nancy Crompton Fact-checker: Mary Fratini Book Designer: Peter Holm Printed in Canada on recycled paper.
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It was reported in February 2024 that KPMG had settled the lawsuit in a confidential out-of-court settlement for Rand 500 million (~$27 million). [ 32 ] In July 2021, South Africa's largest asset manager, the Public Investment Corporation (PIC) sued KPMG for 144 million rand (around US$9.5 million) it lost when the VBS Mutual Bank went bankrupt ...
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