KPMG Shuts Federal Audit Unit After Pentagon Contract Loss

The Big Four firm is closing its federal audit business and redeploying 450 employees. This follows the loss of a 60 million dollar annual Pentagon contract.

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KPMG will shut its federal government audit business in the United_States and redeploy 450 employees after losing a $60 million annual contract. The decision follows the loss of a major audit agreement with the Pentagon, the Financial Times reported Wednesday.

The Cost of Losing the Pentagon

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