Will Overtime Lawsuits “Reform” the Big Four?
Entry-level auditors at KPMG win class-action certification.
A New York federal court conditionally certified a national collective action lawsuit that alleges that KPMG LLP violated the federal labor laws by denying thousands of entry-level audit employees overtime pay.
“Denying associates overtime pay is a problem among all of the Big Four accounting firms, not just at KPMG,” says attorney Justin M. Swartz. “We hope that this case, as well as audit, advisory, and tax cases against Deloitte, PricewaterhouseCoopers, and Ernst & Young will reform the accounting industry.”