Hmmm, I don't think so. Of course, there are basic safeguards put by the auditing firms including KPMG in terms with being associated with potentially dubious clients but any of the big four will sign any client, even not-for-profit or SME much more for ASX listed clients. Worse comes to worst and the company becomes insolvent, KMPG will suffer little to none reputation damage, for as long as they did follow the auditing standards. I guess what I am trying to say is KMPG signing any client is not putting any punt on the success of their client. They will get paid regardless of the results of the client.
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