Capital Retreat – 300 KPMG Folks To Leave DC for Virginia

June 16, 2010

Susan Black, Big4.com

Washington DC and Virginia papers are reporting today that KPMG is moving more than 300 employees from its downtown Washington DC offices (2001 M Street NW) to Tysons Corner, Virginia (1660 International Drive Mc Lean, VA). After this, KPMG will have 800 employees at its new Virginia offices and 650 at the D.C. offices.

We’ve moved. Click here to go the full post at the new Big Four Blog at Big4.com!

Fannie Mae Sues KPMG for $2 Billion! Alleges Abysmal Auditing

Fannie Mae (NYSE: FNM) is suing KMPG LLP for $2 billion today, indicating that it was negligent in playing its role as an independent “watchdog” and preventing billions of dollars of accounting errors. The firm is being sued for 17 counts of negligence and breach of contract in a suit filed in DC, Fannie apparently had $2 billion in damages and $1 billion in costs to restate earnings. Fannie had fired KPMG in December 2004.


We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!