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اقتصاد سكاي نيوز عربية
Weak oversight affects Mark Walter's firms
The Financial Times revealed that the global auditing firm KPMG warned Guggenheim Partners last year about weaknesses in its internal control systems before U.S. federal investigations into its insurance activities came to light. This followed an internal complaint in April 2025 concerning accounting practices related to revenues totaling hundreds of millions of dollars. A review of the financial results showed that the company faced significant deficiencies in its control measures in 2025, despite continuing to rely on its financial reports. This coincided with extensive audits and concerns over material errors in the reports. Investigations with U.S. authorities are ongoing, while Guggenheim asserts that it is cooperating with regulatory agencies and that its practices have been sound, despite the concerns and reports.
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