Washington (July 15, 2004) -- Big Four firm KPMG reportedly has been retained by the Treasury Department to audit its consolidated financial statements and been named a “preferred” provider of audit services to the Treasury, according to Tax Analysts.

Tax Analysts, which obtained an internal memo on the audit engagement, said that KPMG was one of two firms invited to participate in a request for proposal in March.

The Treasury audit had been under the purview of the Office of the Inspector General, but due to the establishment of the Department of Homeland Security, which absorbed OIG personnel, the agency’s auditor ranks had been depleted.

KPMG representatives declined comment and the Treasury’s office of public affairs did not return phone calls.

-- WebCPA staff

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