KPMG Faces Scrutiny for Audits of SVB and Signature Bank

14 Mar 2023, 12:14 · 閱讀量 68

Accounting firm faces scrutiny for audits of failed banks

Silicon Valley Bank failed just 14 days after KPMG LLP gave the lender a clean bill of health. Signature Bank went down 11 days after the accounting firm signed off on its audit.

What KPMG knew about the two banks’ financial situation and what it missed will likely be the subject of regulatory scrutiny and lawsuits.

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