NCF KPMG审计案例.pptVIP

New Century Financial Corporation - Introduction The Rise And Demise  Of New Century Financial found in 1995 Bankruptcy Court Report New Century KPMG Accounting Scandal - Analysis In the post-Enron era, one of the lessons should have been that accountants need to be Skeptical, Strong, and Independent. You didnt have any of those attributes here.“ When one KPMG specialist raised objections the night before New Century’s 2005 annual report was to be issued, a KPMG engagement partner wrote back in an e-mail: “As far as I am concerned, we are done. The client thinks we are done. All we are going to do is piss everybody off.” - We think 诗三百，一言以蔽之，曰： 思无邪 。 - END - VS. KPMG Ranks Second nationally in subprime mortgage in 2006 Files for Bankruptcy protection in April 2nd 2007 Fortunes 100 Fastest Growing Companies“ in 2003 stops accepting new loan applications in March 8, 2007 engaged in a number of significant improper and imprudent practices related to its loan originations, operations, and financial reporting. KPMG contributed to some of these accounting and financial errors by enabling them to persist and, in some instances, precipitating the companys departures from applicable accounting standards, The SEC alleges that KPMG has been helping Xerox artificially close a $3 billion gap between actual operating results and results submitted to the public. Investors in the now-defunct Polaroid Corporation are suing KPMG for its audit of the company in 2000 which led investors to believe that Polaroid was in much better shape than it actually was. The divested consulting arm of KPMG, BearingPoint, is being sued by investors through six D.C. law firms after the company overstated their earnings by $10.8 million. KPMG is recently accused of shady conflict-of-interest dealings with Wachovia Bank. The SEC is investigating whether Wachovias referrals of wealthy clients to KPMG violated rules regarding auditor-