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KPMG questioned by US senators over its Wells Fargo audit

( October 27, 2016, 13:44 GMT | Official Statement) -- MLex Summary: Democratic US senators, including Elizabeth Warren, questioned KPMG about its failure to detect Wells Fargo's illegal sales practices during audits of the bank. The "firm's failure to identify the illegal behavior at Wells Fargo raises questions about the quality of your audits and the effectiveness of the implementation of" Sarbanes-Oxley requirements," the senators' letter said. Statement follows below. Please see attached letter....

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