What Are the Chances of a Significant Sanction or Fine for KPMG?

Shade Oprah GIF out of Shade GIFs

To ease its accounting of the Department’s daily activities, during fiscal year (FY) 2018 that the DOJ lasted the multi-year implementation of its Unified Financial Management System (UFMS). Because of competing priorities faced with DOJ personnel in encouraging the conversion of nine component associations within the Offices, Boards, and Divisions (OBDs) reporting element into UFMS and preparation to the conversion of the remaining OBD component associations in FYs 2019 and 2020, we noted the emphasis placed on that the Department’s financial statement preparation and review processes hadn’t achieved the full level of rigor that is essential to prepare timely and accurate financial statements in accordance with commonly accepted accounting principles, along with OMB Circular No. During our FY 2018 audit, the Department discovered or we brought to the attention of this Department the following errors, where the underlying causes were similar and pe… Read More

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