Thursday, April 2, 2009

Subprime Suit Accuses KPMG of Negligence - Accounting - CFO.com

Well we all knew that lawsuits would begin soon. Here we go:Subprime Suit Accuses KPMG of Negligence - Accounting - CFO.com: "Two complaints filed in federal courts yesterday claim that KPMG auditors were complicit in allowing 'aggressive accounting' to occur under their watch at New Century Financial, the mortgage lender that collapsed two years ago at the beginning of the subprime-mortgage

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