KPMG Exits US Government Audit Business After Losing Pentagon Contract
KPMG has announced it is shutting down its US federal government audit practice. This decision follows the firm's loss of a significant contract with the Pentagon.
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KPMG shuts US government audit practice after losing army contract
Pentagon consolidates work in push to modernise its accounts following years of failed inspections
Read full article →KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm. According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's fin...
By Tyler Durden
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