Monday, 13 June 2016

KPMG resigns as FIFA's auditor

KPMG has quit as auditor of the controversial football governing body FIFA after more than a decade.

FIFA announced the decision on its website on Moday. It said it “acknowledges the decision of KPMG to step down” and it “welcomes this change as it gives the organisation the opportunity to work with a new audit firm".

KPMG has audited the global football governing body since 1999.

“Supported by the new FIFA Council, FIFA President Gianni Infantino has initiated a comprehensive financial audit of FIFA's finance function including its processes and procedures. In light of the serious allegations involving financial transactions outlined by the Swiss and US authorities, it is essential that the financial function at FIFA be externally reviewed and thoroughly reformed”, part of the FIFA’s statement reads.

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