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Posts Tagged ‘FIFA’

Where were FIFA’s auditors?

In Accounting, Corporate governance, Footie on 12/06/2015 at 2:32 pm

As FIFA Scandal Grows, Focus Turns to Its Auditors. Despite longstanding suspicion of corruption, FIFA has received a clean bill of financial health for 16 consecutive years from KPMG, one of the world’s top auditing, accounting and consulting firms.

“It’s legitimate to raise questions about the effectiveness of the audits, given that the risks were already widely rumored.”
Barry Jay Epstein, a financial-reporting expert, on KPMG giving FIFA a spotless record of financial health.

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