KPMG

The Big Four accounting firm will escape a criminal indictment for its sale of questionable tax shelters from 1996 to 2002 by paying a $456 million fine to the federal government. The agreement was settled in the Southern District of New York with the Internal Revenue Service. KPMG will continue to provide high quality audit, tax, and advisory services to large multinational, middle market, and government clients. (Aug-30-05) [WEB CPA]

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