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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 .
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Global auditor KPMG said on Monday it will axe up to 400 staff in South Africa in its latest shake-up following a corruption scandal in the country, which saw it lose several major clients. The ...
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
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 as a result of fraud. Its claim is centred on the rights issue and a revolving credit facility it participated in at VBS relying on financial statements ...
U.S Attorney's Office/APIn this undated FBI photo, KPMG partner Scott London, left, allegedly accepts a $5,000 cash bribe from California jeweler Bryan Shaw earlier this year. By Emily Flitter NEW ...
At KPMG, he directed the office of general counsel, risk management, government affairs, security, and ethics and compliance programs. He was also counsel to the board of directors, and a member of the management committee. In 2009, Ethicsphere named him one of America's 100 most influential people in business ethics.
KPMG is the smallest of the Big Four global accounting and audit firms. It reported 2012 revenue of $23 billion, up 1.4 percent from the year before. The other three firms are ...