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KPMG flagged weak controls at Guggenheim investment unit

KPMG warned a Guggenheim private-investment unit about deficiencies in its internal controls, according to the Financial Times feed. The auditor identified flaws in how the division accounted for revenue. The available RSS material does not name the unit, quantify any affected revenue or say whether accounts will be restated.

Why it matters

Weak revenue controls can raise reporting, governance and investor-confidence risks for an investment business.

Sources

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