GE Proposes Keeping KPMG as External Auditor
General Electric Co. will keep KPMG LLP as its auditor for another year, extending a relationship that dates back more than a century and has been tested recently by accounting problems.
Proxy advisory firms recommended a change in auditor two years ago, and GE has said it would explore making a change. Federal investigators are probing the company’s accounting practices after several large write-downs. GE has said its accounting is proper and it is cooperating with the probes.
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