Peregrine drops KPMG; cites audit independence rules: Software manufacturer Peregrine Systems, which was forced to restate its past 11 quarters in an attempt to correct questionable accounting procedures in booking some $100 million in revenue, has dropped newly hired auditor KPMG.

The company, based in San Diego, was investigating whether it failed to adjust revenues for returned products for sales that involved partners, consultants and retailers.

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