More on GE, KPMG, and what's next

KPMG is GE's lame-duck audit firm for 2020, and a new lead partner is a hand-picked placeholder

I have some additional thoughts on GE’s Wells Notice, its current audit firm KPMG, and future audit firm Deloitte.

I predicted in my newsletter on the subject earlier this week that KPMG will not issue a material weakness or force a restatement for the substance of the SEC’s Wells Notice, because this is essentially a “lame-duck” session for KPMG. Ever…