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KPMG cannot fail to profit from lack of competition5 Dec 2:12pm

KPMG cannot fail to profit from lack of competition

The Guardian
The auditor is in the regulatory equivalent of special measures, but revenues and profits are up – as is remuneration Reputation down, revenues and profits up. Welcome to the pleasant world of KPMG. The firm is in the regulatory equivalent of special measures after the Financial Reporting Council found “an unacceptable deterioration” in audit quality in August, but the 635 partners in the UK enjoyed a (very) acceptable improvement in remuneration.
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