KPMG: $456 Million Fine, Seven Indicted

The other shoe dropped on KPMG today. According to this story, KPMG will pay a fine of $456 million, accept an outside auditor, and shut down its tax practice for high net-worth individuals within six months. Additionally, seven former partners were indicted.

You can find full roundups on this story at Roth & Company Tax Updates and the TaxProf Blog.

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