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Called to Account: KPMG turned to Palantir to help predict which audits would be inspected

KPMG turned to the secretive data analytics firm Palantir to help it predict which of its engagements would be inspected.

The revelation, coming in court documents, shows that the accounting giant had help in its quest to prepare for audits from the Public Company Accounting Oversight Board. There are now civil and criminal indictments of three former KPMG partners and three former PCAOB employees for allegedly obtaining confidential regulatory information and using it to essentially cheat the test, in return for offering jobs.

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

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