KPMG wins Nortel audit

KPMG has been appointed as the principal independent public accountant for
technology giant Nortel.

The appointment was approved by shareholders at its annual meeting of

The firm’s appointment was proposed in December 2006 by Nortel’s board of
directors, subject to shareholder approval.

KPMG was also appointed as principal independent public accountant to Nortel
Networks, Nortel’s operating subsidiary.

Further reading:

SEC swoops on Nortel executives

Nortel CFO to step down

Nortel finally restates figures

Related reading

Life Belt with Computer Folders