KPMG The wrong target

No one wants to tell the US Justice Department what to do. So European accounting regulators are lobbying softly. But they are quietly anxious to keep KPMG alive, according to the Financial Times. The big accounting firm is under threat for having sold illegal tax shelters in the US between 1997 and 2001. Worse, it stonewalled government investigators for two years. If indicted, KPMG might win eventually in the courts. But as the demise of Arthur Andersen made clear, an eventual court victory w...