We learned in the Wells Fargo case that KPMG has been its auditor for many, many years.

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We learned in the Wells Fargo case that KPMG has been its auditor for many, many years. We also learned that every 10 years, a public company in the European Union is required to engage a new CPA firm to perform its audit. Some people urge the PCAOB to have a similar rule. Why do some people believe this would improve audit quality?

Posted Date: Dec 08, 2021 03:51 PM

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We learned in the Wells Fargo case that KPMG has been its auditor for many, many years.

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Due to the numerous audit scandals such as the Enron WorldCom and Lehman Brothers scandals this has ... View the full answer

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