HQ Bank accountant KPMG reported after flaws
HQ Bank auditor KPMG reported after 'flaws in the accounting'.
Swedish investment bank HQ Bank said Monday it was forced into involuntary liquidation after the financial supervisory authority revoked all its licences for breach of banking regulations.
Swedish Financial Supervisory Authority spokesman Jonatan Holst told AFP that it had reported HQ Bank's auditor at KPMG to the Swedish accountancy regulator.
FI's "ruling shows there were flaws in the accounting," he said.
Officials at KPMG Sweden were not immediately available to comment.
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Last Updated (Friday, 03 September 2010 13:11)