>"And we wanted to put our money where our mouth was, so we committed to retaining KPMG, the well-respected auditing firm, to audit our code and practices annually and publish a public report confirming we're doing what we said we would."
It's worth pointing out that KPMG was Wells Fargo's independent auditor while the bank recently committed fraud on a massive scale by creating more than a million fake deposit accounts and 560,000 credit card applications for customers without their knowledge or approval.[1]
Calling KPMG a "well-respected auditing firm" when they failed to detect over a million fake bank accounts is a joke. See:
https://www.reuters.com/article/wells-fargo-kpmg/lawmakers-q...
[1] https://www.warren.senate.gov/files/documents/2016-10-27_Ltr...
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