KPMG’s Investigation of Iceland’s Glitnir Criticized Skip to content

KPMG’s Investigation of Iceland’s Glitnir Criticized

Icelandic authorities are allegedly working on finding a new audit firm, other than KPMG, to investigate trade within Glitnir Bank before it went bankrupt more than two months ago.

KPMG’s participation in the investigation has been criticized since the firm has been involved in audit for many of Glitnir’s largest shareholders, Fréttabladid reports.

Managing director of KPMG in Iceland, Sigurdur Jónsson, stated on Monday that the company is capable of undertaking the investigation in the correct manner.

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