Take it back to June 2005. KPMG executives meet with federal prosecutors in an attempt to avoide the fate that befell former big five accounting firm Arthur Anderson. With the outcome uncertain and the future of the firm in the balance it is hard to understate the importance of the negotiations. Due to notes from those meetings recently made public, we now have a ringside seat to how things went down. The notes, taken by KPMG attorney, Joseph Barloon of Skadden Arps reveal the strategies that aided KPMG in striking a deal with prosecutors.

Get further details at The Ledger.

-- MDT

Labels: accounting fraud, Enron, KPMG, tax shelters