KPMG to exit US federal audit work after Pentagon contract loss reshuffles 450 staff

450 US staff shift roles after KPMG loses Pentagon audit

Big Four firm KPMG is pulling out of US federal government audit work, moving more than 450 staff into new roles. The decision follows KPMG losing a major Pentagon contract. The firm had audited the US Army for nearly a decade. KPMG’s exit comes as the US Defense Department changes how it approaches audits.