Washington -- Big Four firm KPMG has been retained by the Treasury Department to audit the massive agency’s consolidated financial statements.
The Treasury audit is under the purview of the Office of Inspector General, but due to the establishment of the Department of Homeland Security in 2002 -- which absorbed OIG personnel -- that office’s auditor ranks had been depleted.
KPMG representatives deferred comment to the Treasury.
“It’s not unique”, explained Rich Delmar, counsel to the Inspector General. “Most IG’s do contract out work to independent auditors.”
According to Washington-based Tax Analysts, which obtained an internal KPMG memo, in March, the Big Four firm had been one of two invited by the Treasury to participate in a request for proposal.
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