This 5 part series focuses on the recent FIFA scandals, the people in charge, and the many changes in auditors.
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Tags: external audit, scandal, auditor, fifa, non-profits, Corruption, PwC, soccer
On June 9th, Big Four auditing firm, KPMG, stepped down as FIFA’s auditing firm after working with them for more than 16 years. KPMG has confirmed its resignation, but declines to comment further. Many questions have been raised as to why a Big Four auditing firm missed or looked passed so many red flags. FIFA has been in the news a great deal the first half of this year with a new president, uncovered and hidden bonuses to
executives, and internal audit stepping down.
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Tags: KPMG, scandal, Scala, resign, fifa, bonuses, Sarbanes-Oxley, fraud, non-profits, internal control 2013, sox and coso, sox coso framework, coso framework, coso sarbanes oxley
FIFA CORRUPTION:
Today, more information has been released on the corruption with FIFA. The last FIFA blog post, "Who Does FIFA Answer to?", focused on the May 2015 corruption that was uncovered by the FBI. The president at the time was Sepp Blatter. U.S. law firm, Quinn Emanuel Urquhart & Sullivan, have performed extensive research and analysis on FIFA in the past year and the findings are shocking.
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Tags: scandal, FIFA Reform, fifa, bonuses, executives, bonus, Corruption, salary
