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Resource ID: #19562
Subject: Conflicts Of Interest
Source: SF Weekly
Affiliation: 
Date: June 26

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Description

SF Weekly looks at the relationship between San Francisco city government and its auditor KPMG, and finds similarities with the Enron scandal. According to the contest entry questionnaire: "For example, the audit's firm consulting division sold accounting software to the city that generated financial statements that were, in turn, audited by the KMPG's own audit division, thereby eliminating important checks and balances mandated by the "overarching principles" that govern auditor independence."

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