August 27, 2005
KPMG Settles, Avoid Indictment
Posted by Gordon Smith
That is the breaking news on the W$J.
We have been following this case here, here, here, here, and here.
The executive summary: the collapse of KPMG would be a bad thing, and even though KPMG is hypocritical (for firing the head of its tax-services division and two partner/board members), this whole controversy over fraudulent tax shelters is overblown.
The settlement was reportedly reached yesterday and will be announced publicly on Monday.
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