KPMG settlement near

KPMG is close to a settlement with the US Department of Justice over its sale
of abusive tax shelters, according to reports.

The Financial Times reported this morning that the Big Four firm is set to
enter into a deferred prosecution agreement, putting the firm on probation for a
period of between 12 and 18 months, it is reported.

An announcement on the deal could even come this week, the FT said.

See this Thursday’s Accountancy Age for updates.

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