Monday 13 June 2016 2:54 pm

Now KPMG stands down as Fifa’s auditors

I'm a reporter at City A.M., mainly covering law, professional services and banking

I'm a reporter at City A.M., mainly covering law, professional services and banking

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KPMG has stood down as auditors of Fifa after more than a decade of service, the football association revealed in a statement today.

Fifa said that it "welcomes" the change, which will give it a chance to work with a new audit firm.

A new auditor has not yet been appointed. However, Fifa acknowledged that, particularly in light of the serious allegations it had been accused of, it was essential that its financial function was "externally reviewed and thoroughly reformed". 

A KPMG statement noted: 

KPMG (Switzerland) confirms its resignation, with immediate effect, as statutory auditor for Fifa. In accordance with Swiss law, by letter dated 9 June, we informed the President of Fifa of our decision to resign and the reasons that led KPMG AG to take this decision.

We have ongoing fiduciary duties to FIFA and are unable to comment further.

Fifa has recently been the centre of a scandal involving alleged corruption and accusations of bribery.

Last month, Fifa's independent audit and compliance committee stood down from his role, after the football organisations council, headed by new president Gianni Infantino, passed a resolution that would allow it fire the independent investigators who banned ex-president Sepp Blatter.

Blatter was banned for breaching Fifa's code of ethics regarding offering and accepting gifts and other benefits, but there was not substantial evidence to prove bribery or corruption.

Earlier this month, the Swiss Attorney General confirmed that it had carried out a search on Fifa's offices looking for further information.