Going Concern reported yesterday that KPMG professionals have been ordered to preserve all correspondence and documentation related to the tax “loaned staff” assignment it has with long-time client GE. That means someone – the SEC or PCAOB – is investigating.
When it comes in conjunction with the annual review process and the excuse is the process of “forced ranking”. “Forced ranking” is the practice of putting some at the bottom of the performance pile every year, suddenly, even though they’ve often had no warning and even though prior performance ratings were above average in the […]
