“Trial Begins for Former KPMG Partner,” The Wall Street Journal, February 12, 2019 B6. KPMG fired the partner when the allegations came up, and is cooperating with the prosecutors. He’s accused of conspiring to get confidential governmental information about which audits were going to get reviewed by the PCAOB. Other partners have pled guilty.
Governance includes restricting access to confidential information; Compliance requires that your employees don’t try to cheat. Information about what audits the government would review seems to have value. And auditors hopefully don’t cheat.
Who still uses KPMG to do their audits? Why?