Search results
Results From The WOW.Com Content Network
The KPMG tax shelter fraud scandal involved illegal U.S. tax shelters by KPMG that were exposed beginning in 2003. In early 2005, the United States member firm of KPMG International, KPMG LLP , was accused by the United States Department of Justice of fraud in marketing abusive tax shelters .
The Subcommittee found that KPMG had sold to at least 350 people from 1997 to 2001, earning fees of $124 million. Those shelters cost the Treasury at least $1.4 billion in unpaid taxes, according to the subcommittee. In the investigation, KPMG argued that investors knew they were taking a risk that the IRS might not accept the claims. [3]
KPMG office in Amstelveen, Netherlands KPMG offices at FPM41, Lisbon, Portugal. In 1816, Robert Fletcher started working as an accountant and in 1839 the firm he worked for changed its name to Robert Fletcher & Co. [8] William Barclay Peat joined the firm in 1870 at 17 and became head of the firm in 1891, renamed William Barclay Peat & Co. by then. [9]
Eugene O'Kelly was a former Chairman and CEO of KPMG, one of the largest U. S. accounting and consulting firms and one of the Big Four auditors. Eugene was elected chairman and CEO of KPMG (U.S.) in 2002 for a term of six years. In May 2005, at age 53, Eugene was diagnosed with a terminal brain tumor. [1]
KPMG United States: Samuel D. Waksal: Kmart: 2002 [55] [64] PricewaterhouseCoopers United States: Misleading accounting practices Merck & Co. 2002 [55] PricewaterhouseCoopers United States: Recorded co-payments that were not collected Merrill Lynch: 2002 [65] Deloitte & Touche United States: Conflict of interest Mirant: 2002 [55] KPMG United States
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
William B Thomas, 49, has been elected Chairman of KPMG International. He will lead the KPMG global network of professional services firms for a 4-year term, effective 1 October 2017, succeeding John B Veihmeyer, 61, who is completing his term as Chairman and retiring from the firm, at the end of September 2017.
He was with KPMG for 28 years, where he held numerous senior leadership positions throughout his career, including chairman from 1990 to 1996. Subsequent to his retirement from KPMG in 1996, Madonna served as vice chairman of Travelers Group, Inc. from 1997 to 1998, and president and chief executive officer of CWT Corporate Travel, Inc. from ...