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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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