Audit Report on KPMG

Audit report
A case study on KPMG

INTRODUCTION
KPMG is one of the leading firm providing the professional services of auditing and is one
of the Bid four auditors along with Deloitte, Ernst and Young and Pricewaterhuose Cooper.
 For the present report the evaluation of KPMG is carried out in context of professional
negligence for a period after 2000.
 Under many circumstances the organisation was found to under misconduct on its
professional duties.
 Lawsuit on KPMG filed by Lernout & Hauspie (2004) is analysed in depth to find out
the facts, evidence, ruling and decision of the case

Case details and discussions
Key events and factual issues behind the case:
 Lernout & Hauspie Speech product a Belgian company was established in 1987 .
 KPMG has responsibility to carry out the auditing work to prepare and present the
actual financial position.
 Law suit KPMG was imposed with allegation of misconduct.