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Called to Account: The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection

Fixes story to reflect that Air Products and Chemical was not one of the issuers involved.

Reuters
Former KPMG executives are on trial for obtaining confidential information about audit inspections.

The auditor of some of the world’s largest banks including Citigroup, Credit Suisse and Deutsche Bank was tipped off before a regulator inspected them.

It’s been previously reported that KPMG executives were able to extract from the regulator, the Public Company Accounting Oversight Board, confidential information ahead of inspections, and use that information to correct their work and at least in one instance, withdrawn an opinion. But MarketWatch now has court documents that, for the first time, names the audit clients caught up in the scandal.

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