KPMG faces possible shareholder protest in the US

JOHANNESBURG- KMPG auditing firm has been under fire in South Africa after an expose’ that they audits in relation to Gupta-owned companies were purposely done to make them have clean audits, including their role in the so-called rogue unit report, are now facing possible shareholder protests in the United States.

The Financial Times is reporting that KPMG will likely face protests over its audits of major clients such as Wells Fargo and General Electric.

The scandal includes the opening of two million bank accounts in customers names without the customers knowledge and or approval.

In the report, The Financial Times claims that shareholder advisory service Glass Lewis has recommended and warned that investors in Wells Fargo and General Electric in retaining the services of KPMG as the bank’s auditor.

Photo Credit- BusinessLIVE

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