Much has been written about Scott London, the KPMG partner in charge of the firm?s southern California audit practice, and his illegal and career-limiting-move of passing inside information to a jeweler buddy. KPMG may be sorry, at this point, for starting the ball rolling April 8 with its press release. Deloitte hid Vice Chairman Flanagan?s violations as long as possible and made few comments. Deloitte, and Flanagan, successfully stayed out of the national and world news except when something happened in court. Flanagan actually traded on the inside info he filched and I think that?s an even worse indictment of a partner and his audit firm, if one was possible, than what happened at KPMG.
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