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March 31, 2010

KPMG targeted by anti-Iran pressure group

KPMG International is being put under pressure by US-based lobby group United Against Nuclear Iran (UANI) to sever ties with its Iranian member firm.

UANI sent a letter to KPMG International chair Timothy Flynn stating that KPMG’s decision to do business in Iran was wrong and that by doing so it was supporting the Iranian regime.

According to its global site, KPMG has about 60 professionals in Iran.

Of the world’s 10 largest accounting networks, just four have member or correspondent firms listed on their global websites. None of the other Big Four do.

“Companies doing business in the US and for the US Federal Government should not be doing business in Iran,” UANI’s letter said.

UANI is headed by an advisory board that includes former director of the Central Intelligence Agency James Woolsey.

A KPMG International representative confirmed the Big Four firm had received the letter and was reviewing it but had no further comment.

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