Analysis

Audit Watchdog, KPMG Face Big Hit To Credibility

By Dunstan Prial (January 23, 2018, 10:47 PM EST) -- The Public Company Accounting Oversight Board and KPMG have suffered significant blows to their credibility stemming from criminal charges levied Monday that former employees of the audit watchdog gave stolen confidential information to high-placed accountants at the Big Four firm, experts said Tuesday.

The PCAOB's mission of overseeing the accounting firms that audit publicly traded companies lies at the heart of market integrity because investors rely on the information included in companies' financial statements to make informed decisions, experts said.

Investors are equally reliant on the credibility of the regulatory agencies and auditing firms such as KPMG that put their stamp...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!