KPMG

==== 2008 ====
In March, KPMG was accused of enabling "improper and imprudent practices" at [[New Century Financial]], a failed mortgage company,<ref>{{cite news | url=https://www.nytimes.com/2008/03/26/business/26cnd-account.html?_r=1&hp |title=Report Assails Auditor for Work at Failed Home Lender |work=[[The New York Times]] |date=26 March 2008 |first=Vikas |last=Bajaj |access-date=8 September 2014}}</ref> and KPMG agreed to pay $80 million to settle suits from [[Xerox]] shareholders over manipulated earnings reports.<ref>{{cite web|url=https://online.wsj.com/news/articles/SB120664919040069445 |title=Xerox, KPMG Settle Shareholder Suit |work=[[The Wall Street Journal]] |date=28 March 2008 |access-date=8 September 2014 }}</ref>

In December, it was announced that two of [[Tremont Group]]'s Rye Select funds, audited by KPMG, had $2.37 billion invested with the [[Bernard Madoff|Madoff]] "[[Ponzi scheme]]".<ref>{{cite web|last=Mackintosh |first=James |url=http://www.ft.com/cms/s/0/e8294d3c-ccef-11dd-9905-000077b07658.html |title=Accounting firms drawn into Madoff scandal |work=[[Financial Times]] |date=18 December 2008 |archive-url=https://archive.today/20141207/http://www.ft.com/cms/s/0/e8294d3c-ccef-11dd-9905-000077b07658.html |archive-date=7 December 2014 |url-status=dead}}</ref> Class action suits were filed.<ref>{{cite web |last=Docket |first=Securities |url=http://www.securitiesdocket.com/2008/12/23/madoff-related-class-action-filed-in-sdny-against-tremont-group-kpmg-others/ |title=Madoff-related class action filed in SDNY against Tremont Group, KPMG, others |publisher=Securities Docket |date=20 February 2009 |access-date=25 December 2008 |archive-url=https://web.archive.org/web/20090317075631/http://www.securitiesdocket.com/2008/12/23/madoff-related-class-action-filed-in-sdny-against-tremont-group-kpmg-others/ |archive-date=17 March 2009 |url-status=dead }}</ref>