KPMG cannot issue an unqualified opinion on REVIEWED financial statements
L&L's press releases on the topic of KPMG's work seem inconsistent. At one point, they were going to do an audit, and later they referred to the work as a review. Reviewed financial statements are significantly less assurance than an audit, and a CPA firm cannot and will not ever give an unqualified opinion on statements they reviewed. Did KPMG audit one period and review another? Or is L&L issuing factually incorrect press releases? Anyone know?
They have issued inconsistent statements which include KPMG "endorsing" financial statements. Based on your statements/questions, I think you also know KPMG has never endorsed anyone's financial statements. Additionally, who has different audit firms opining on the same financial statements, especially when one is one of the worlds largest & most recognized names (& no one has seen the supposedly unqualified opinions from KPMG Taiwan)?