The New York Times just published an article today summarizing a detailed 580 page report showing that KPMG, the auditor for Century Financial (now defunct) expressly approved a change in accounting method that allowed the company to show a profit when under normal accounting rules the company would have shown a loss. Implicitly this shows […]

Tags: Auditor liability, borrower, Century Financial, foreclosure defense, fraud, KPMG, Lender Liability
Posted in bubble, Corruption, Eviction |