the role of big auditors in another financial crisis
- Written by Atul K. Shah, Professor, Accounting and Finance, City, University of London
Three recent and very serious US bank failures – Silicon Valley Bank (SVB), Signature and First Republic – have one common denominator: all three businesses were audited by one of the world’s major professional services firms, KPMG.
The company has stood by its audits of the first two banks, which collapsed soon after publishing...