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    KPMG loses audit of US’ largest mortgage lender

    KPMG loses audit of US' largest mortgage lender

    Bank of America backs PricewaterhouseCoopers for audit

    Author Date published October 22, 2008 Categories

    KPMG has lost the audit of Countrywide, the US mortgage lender stricken by
    the subprime crisis and at one time the country’s largest lender.

    New owner, Bank of America, has appointed PricewaterhouseCoopers to do the
    audit, according to a Reuters report.

    The news was revealed in a regulatory filing made in the US on Tuesday. The
    filing by Bank of America said KPMG’s audit reports of 2006 and 2007 included no
    adverse opinion on the lender’s books.

    Prior to Bank of America’s acquisition Countrywide was the biggest mortgage
    lender in the US.

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