2017 KPMG US terminated five partners in its audit practice, including the head of its audit practice in the US, after an investigation of advanced confidential knowledge of planned audit inspections by its Public Company Accounting Oversight Board (PCAOB). This followed criticism about KPMG's failure to uncover illegal sales practices at Wells Fargo or potential corruption at FIFA, the governing international body of football. It was reported in 2017 that KPMG had the highest number of deficiencies, among the Big Four, cited by its regulator in the previous two years. This includes two annual inspections that were compromised as a result of advanced access to inspection information. In March 2019, David Middendorf and Jeffrey Wada, co-defendants in the scandal, were convicted.
2017 KPMG US terminated five partners in its audit practice including the head of its audit practice in the US after an investigation of advanced confidential knowledge of planned audit inspections by its Public Company Accounting Oversight Board (PCAOB) This followed criticism about KPMG's failure to uncover illegal sales practices at Wells Fargo or potential corruption at FIFA the governing international body of football It was reported in 2017 that KPMG had the highest number of deficiencies among the Big Four cited by its regulator in the previous two years This includes two annual inspections that were compromised as a result of advanced access to inspection information In March 2019 David Middendorf and Jeffrey Wada co-defendants in the scandal were convicted