Is Emerson Electric Too Close To Its Auditor?

The following is a report from Probes Reporter.

Emerson Electric Co. EMR had two undisclosed SEC investigations in the past few years.

One was a large, multi-year probe of Emerson's relationship with KPMG, its auditor of more than 50 years. That ended Nov-2014.

The second investigation was a FCPA matter involving Saudi Arabia, which was of relatively short duration. It ended Jan-2015 and appears of little consequence to investors today.

Emerson made sweeping claims of confidentiality to try to keep records related to the KPMG investigation secret. We challenged these claims and prevailed in securing release of enough documents to leave us questioning whether Emerson Electric is too close to its auditor.

See the full report below.

Is Emerson Electric (EMR) Too Close to Its Auditor?