Friday, July 27, 2007

US audit watchdog finds faults with KPMG work

(Reuters) - "In addition, the deficiencies included failures by the
firm to perform, or perform sufficiently, certain necessary
audit procedures," the agency said in its report.




It cited cases with seven unnamed companies that ranged
from a failure to obtain sufficient competent matter to support
its audit opinion, to a failure to test whether certain data
the company provided was complete, accurate and relevant.


Read more at Reuters.com Government Filings News

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