KPMG resigns as FIFA's auditor

Accountancy firm KPMG became the newest corporation to sever ties with soccer's world governing body final Friday, when it informed FIFA that it was dropping its account.

The auditor's Swiss affiliate had signed off on scandal-hit FIFA's economic statements for 16 consecutive years.

The announcement came ten days after the disclosure that a modest group of FIFA's prime officials allegedly paid each and every other tens of millions of dollars in bonuses as well as other incentives, 3 weeks after the resignation of Markus Kattner, who served as FIFA's chief monetary officer.

"FIFA welcomes this alter as it provides the organization the opportunity to operate using a new audit firm, which will be appointed quickly," FIFA mentioned. "In light in the serious allegations involving economic transactions outlined by the Swiss and U.S. authorities, it can be critical that for the economic function at FIFA to be externally reviewed and thoroughly reformed."KPMG confirmed its resignation, but declined to comment further, mainly because "we have ongoing fiduciary duties to FIFA."

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