New York (Feb. 24, 2004) -- Big Four firm KPMG elected Joseph Mauriello, 59, as deputy chairman of its U.S. audit, tax and advisory unit effective immediately, succeeding Jeff Stein, who retired Jan. 31 following a top-level shake-up in the firm’s tax arm.

The election of Mauriello -- ratified by the firm’s 1,600 partners -- comes as KPMG has come under fire from regulators regarding certain of its former tax-shelter products.

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