KPMG is a dirty word, even at KPMG these days – insider survey reveals

For decades KPMG has been getting away with corruption. As FIFA auditor, it was the lead performer in the international football body's corruption scandal. As NBC reports, at least $150m in kickbacks and bribes and two world cup events were involved. In South Africa, the KPMG brand has become synonymous with state capture. So tightly knit with the Gupta family and Zuma clique were KPMG bosses that they attended a private Gupta wedding at Sun City in 2013 that was funded by taxpayers. And, KPMG were the architects of a fake report used to oust anti-corruption officials at the South African Revenue Service. But, KPMG is becoming a dirty word – even at KPMG these days. As Accountancy Daily reports, many KPMG employees are embarrassed to be hired by the professional services firm. – Jackie Cameron

By Thulasizwe Sithole

Staff at KPMG are embarrassed and some even regret their decision to join the Big Four firm, says Accountancy Daily.

The website for accountants says KPMG professionals are red-faced after the US regulator slammed the firm with a $50m fine for cheating in professional exams.

"Shortly after the news broke that the Big Four firm was being fined a record $50m (£40m) fine for a raft of grave governance issues, from stealing exam papers to changing the outcome of audit findings, the firm's employees took to professional community app Fishbowl to air their grievances, calling the news 'embarrassing', with another employee commenting that it 'makes me regret my decision' to join KPMG," it says.

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