Senators Open Probe Into KPMG’s Relationships With Failed Banks

Two senators are looking into KPMG’s relationship with three recently failed banks, asking the firm for a wide range of documents for their initial inquiry.

Sens. Richard Blumenthal (D-Conn.) and Ron Johnson (R-Wis.) sent a letter to KPMG CEO Paul Knopp Wednesday asking for “all communications,” records “referring or relating to” the firm’s audits and advisory work, and a “complete list of all advisory work” between KPMG and Silicon Valley Bank, Signature Bank, and First Republic Bank.

Source: Senators Open Probe Into KPMG’s Relationships With Failed Banks