Read the below articles on KPMG's audit opinions on Silicon Valley Bank (SVB) and other failed banks.

KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse The Wall Street Journal, March 13, 2023, Jonathan Weil

Auditors Didnt Flag Risks Building Up in Banks The Wall Street Journal, April 10, 2023, Jean Eaglesham

Based on your understanding of the articles above and additional information you obtained from your own research, address the following questions:

First, think about the various consequences to auditors for disclosing SVB's going concern issues related to interest risks. For example, how would a client and client's stakeholders (bank's customers, shareholders or creditors, etc.) react when their auditor discussed, in their audit report, significant risks related to the companys ability to continue as a going concern? How would those reactions differ 1) when the client management also agrees with the auditor and discloses the same issues versus 2) when the client management does not include any discussion on the issues in the company report.

Now, think about the opposite situation. How would the client and stakeholders react when the auditor does not disclose the client's going-concern issues in the audit report although the client management disclosed them?

Comparing the two different situations above, discuss your conclusion on why KPMG chose not to disclose the issues in the audit report.

While we usually only envision negative consequences for companies after the going-concern disclosures, there could be also some silver linings. Discuss any positive consequences of going-concern disclosures you can come up with.