Question: The SEC outlines in Accounting and Auditing Enforcement Release No. 2234 KPMG's alleged acts and omissions (section C. 3.). Obtain and read a copy of

The SEC outlines in Accounting and Auditing Enforcement Release No. 2234 KPMG's alleged acts and omissions (section C. 3.). Obtain and read a copy of the enforcement release (try www.sec.gov/litigation/admin/34-51574.pdf). Based on your reading of the enforcement release and KPMG's five-step judgment process, which of the five-steps might have improved the judgments made by KPMG professionals? Explain your answer.

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