A recent order posted by the Arizona Supreme Court shows that KPMG won conditional approval to operate as an Arizona ABS, but the high court put a restriction on the application, determining that the firm cannot perform legal services for clients for which KPMG or its member firms conduct financial statement audits or attestations.
The state Supreme Court approved KPMG’s application to operate a nonlawyer-owned law firm after one of its own committees previously had unanimously recommended licensure.
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