Citigroup is currently audited by KPMG. Who pays KPMG for its audit of Citigroup? To whom is
Question:
Citigroup is currently audited by KPMG. Who pays KPMG for its audit of Citigroup? To whom is KPMG providing assurance regarding the fair presentation of the Citigroup financial statements? List two market forces faced by KPMG that increase the probability that the firm effectively performed an audit with the interests of financial statement users in mind.
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KPMG is paid by Citigroup management to perform the audit and render an independent opinion ...View the full answer
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Related Book For 
Financial Statement Analysis
ISBN: 978-0073379432
10th edition
Authors: K. R. Subramanyam, John J. Wild
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