KPMG offers apology over illegal tax

KPMG LLP, one of the Big Four accounting firms, apologized yesterday for helping to set up illegal tax shelters, a move that could help it avoid a criminal indictment like the one that destroyed Arthur Andersen three years ago.
Apart from KPMG, federal authorities are also investigating Ernst & Young. An Ernst & Young spokesman declined to comment on the status of the probe.


You too KPMG!

Here is the report