KPMG

“The auditors missed that €1.9bn in cash was probably never there. That’s a mistake that would send most companies or professionals into the dustbin. But the largest global audit firms are special.” – by Francine McKenna

The Big Four accounting firms, which also include Deloitte, PWC and EY, have been scrutinised by politicians and regulators over conflicts of interest that could arise from the consulting and advisory work they carry out and after a series of auditing scandals and company failures.