Word: kpmg
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Dates: during 2000-2009
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...like Majorca as well as in Sweden, where golf among young people is thriving. Over the next two years, 850 overseas courses are planned, according to the Golf Research Group. "Mediterranean countries, Eastern Europe and the Middle East will be in the forefront," says Andrea Sartori, a partner at KPMG's Golf Advisory Services...
...Rudd left the foreign service to work in Queensland politics as a Labor adviser. He was that state's top bureaucrat when Wayne Goss was Premier. After he failed in his attempt to enter federal politics at the 1996 election, he worked as a China consultant for management firm KPMG-which in Rudd's telling gives him credentials "running a business...
...chief accountant for the Securities and Exchange Commission (SEC) said the agency was considering how to shield accounting firms from civil litigation because--get this--the Administration doesn't want the Big Four firms to become the Big Three. So, on the one hand, the Justice Department is squeezing KPMG and its former employees within an inch of their professional lives. On the other hand, the SEC is pushing for limits on lawsuits that might hurt firms like KPMG. Talk about mixed messages...
...Consider KPMG. From 1997 to 2001, the firm sold four types of shelters that helped clients avoid taxes by doing things like putting income temporarily in a tax-exempt entity. The transactions were so complex, it was hard to see a purpose other than skirting taxes. Although the IRS ruled them potentially improper in 2000, experts disagreed about their legality...
...event, KPMG's reluctance to let regulators inspect backup documents pushed the feds' buttons. By 2004, Justice had launched a criminal investigation. A federal indictment helped kill Enron's auditor, Arthur Andersen, in 2002, so KPMG tried to avoid indictment by doing pretty much whatever the government wanted. That included cutting off the payment of legal fees for indicted employees. The groveling worked for KPMG, which dodged indictment, but not for the 16 indicted employees, who couldn't afford their lawyers. A New York federal judge ruled that they could sue KPMG for their legal bills (KPMG has appealed...