Ex-PwC Partner Tells Jury KPMG Met Auditing Standards
Law360 (November 8, 2019, 9:19 PM EST) -- A former PricewaterhouseCoopers partner testified Friday that KPMG's annual audits of Merrimack College met the professional standards for auditors, as the accounting giant began its defense in the Massachusetts jury trial over its alleged responsibility for not catching a $4.1 million student loan fraud.
At the close of the second week of the Boston trial, KPMG called Lee Ann Leahy to the stand, who said she worked at PwC specializing in university and college audits from 1996 until her retirement roughly 18 months ago.
Under examination by George Salter of Hogan Lovells, Leahy said during her time at PwC she conducted...
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