Senators Raise Concerns About KPMG’s Audit Quality and Effectiveness of Implementation of Sarbanes-Oxley Requirements
Washington, DC -(ENEWSPF)–October 27, 2016. In a letter sent today to Wells Fargo’s independent auditor KPMG, U.S. Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Mazie K. Hirono (D-Hawaii), and Edward J. Markey (D-Mass.) raised questions about KPMG’s failure to identify illegal activity when it audited the bank’s financial statements from 2011-2015.
The senators wrote, “KPMG conducted audits assessing Wells Fargo’s internal…
