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Sarbanes-Oxley News & Developments
KPMG Can Audit MCI, Judge RulesFourteen state governments had objected to the audit firm, accusing it of helping the former WorldCom set up an illegal tax shelter.
> > A U.S. Bankruptcy Court judge decision reportedly overrode the objections of 14 state governments, which had accused KPMG of creating an illegal tax shelter for the company before WorldCom, as MCI was then known, filed for the largest bankruptcy in U.S. history.
Source: CFO
Published:2004-07-01
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