Accounting watchdog probes KPMG over BNY Mellon compliance

Britain's accounting watchdog has opened an investigation into how accounting firm KPMG [KPMG.UL] made sure that Bank of New York Mellon complied with rules on keeping customer money safe. The Financial Reporting Council said on Tuesday the investigation would cover the conduct of KPMG auditors regarding BNY Mellon's London branch. "We are committed to setting the highest standards in our work and will cooperate fully with the FRC in its enquiries," a KPMG spokesman said.

Accounting watchdog probes KPMG over BNY Mellon compliance source: http://finance.yahoo.com/news/uk-accounting-watchdog-probes-kpmg-101537741.html