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New York Times: KPMG, a Proud Old Lion, Brought to Heel

New York Times: KPMG, a Proud Old Lion, Brought to Heel

by Rick Turoczy on August 29, 2005

And while it was not unique among auditing firms in selling aggressive tax shelters, KPMG did it the longest and showed the least regard for efforts by the Internal Revenue Service to find out what was happening and to force shelter promoters to disclose what they were doing.

Of all the major accounting firms, it was the one with the strongest sense that it alone should determine both the quality of its work and the rules it should follow. Proud and confident, it brooked no criticism from regulators.

New York Times: KPMG, a Proud Old Lion, Brought to Heel

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