KPMG examines Swiss audit branch over FIFA

The global consultancy firm KPMG is carrying out an internal review of its Swiss member that is responsible for the audit of the multi-billion-dollar umbrella FIFA organization, a Swiss newspaper has reported.  KPMG Switzerland spokesman Andreas Hammer confirmed to SonntagsZeitung newspaper on Sunday that services the Swiss unit performed for FIFA were being reviewed, as agreed with its parent company, KPMG International.  In May, the US Department of Justice indicted 14 football and marketing officials in a $150 million bribery and racketeering conspiracy that has shaken the world football governing body. The Swiss Attorney General’s Office is also investigating allegations of corruption over how FIFA awarded the 2018 and 2022 World Cup hosting rights to Russia and Qatar.  Since 1999, KPMG Switzerland has been responsible for auditing FIFA's financial reports, SonntagsZeitung reported. Should it discover irregularities during such a review, an auditor is bound by ...