Kuala Lampur, April 29 --  

WASHINGTON, April 29 - Big Four firm ‌KPMG is shutting its federal government ​audit business and will redeploy more than 450 US staff after losing a US$60 million-a-year ‌contract with the Pentagon, the Financial Times reported on ​Wednesday, citing sources.

KPMG had audited the US Army for almost a decade; however, the defence department now plans to use a ​new accounting firm to oversee a larger proportion of the military's accounts, according to the report. This comes amid mounting bipartisan criticism of the Pentagon's financial accountability problems, after it failed an ‌annual audit last year, for the eighth year in ⁠a row.

The Pentagon has ⁠now de...