OCV octaviar limited

Nowhere to hide,

  1. 7,867 Posts.
    Goddamn it, why this has never came up in all the pre-trial researches
    by our esteemed legalese entrusted with protecting PIF’s best interests?
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    KPMG Faces Criticism for Espírito Santo Audit Work
    Bank's Collapse Raises Questions Whether KPMG Should Have Detected Problems Earlier
    By   Patricia Kowsmann,  David Enrich and  Margot Patrick
    Aug. 28, 2014 8:04 a.m. ET

    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.

    http://www.wsj.com/articles/kpmg-faces-criticism-for-espirito-santo-audit-work-1409227480
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    Reagrds,
 
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