KPMG in the spotlight elswhere re auditing

In KPMG LLP's Lisbon office, few clients provided as much audit work as the Espirito Santo Group, whose business interests ranged from banking to mining. Now the collapse of the family-owned empire is raising questions about whether KPMG should have detected problems earlier.
KPMG was the auditor of Espirito Santo Financial Group SA, a publicly traded Luxembourg finance company that filed for creditor protection in July. In Lisbon, it was the auditor of Banco Espírito Santo SA, which was bailed out in August, and of dozens of related companies. And KPMG was the auditor of three offshore investment vehicles that trafficked in Espirito Santo debt and played a part in what the Portuguese central bank describes as a fraudulent scheme.
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http://online.wsj.com/articles/kpmg-faces-criticism-for-espirito-santo-audit-work-1409227480