On December 9, 2016, Rolls Royce switched auditors from KPMG to PwC, as required by new governance requirements with respect to auditor tenure (KPMG had been Rolls Royce's auditor for 26 years). On May 4, 2017, the U.K. Financial Reporting Council launched an investigation into KPMG's audits of Rolls Royce. On November 7, 2017, the U.S. Department of Justice indicted five Rolls Royce executives, accusing them of various violations of the Foreign Corrupt Practices Act of 1977.

• Investigate the resolution of these situations. What has transpired?
• Look back to KPMG's Dynamic Audit Tool. How did KPMG rank the risks associated with bribery and corruption? Comment on how accurate those risk assessments turned out to be in the end.