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It was a CFPB finding which was more of an operational process and compliance review, not audit. There may have been FS disclosures relating to litigations, but ultimately was a CFPB regulatory review finding. Public accounting and regulatory / compliance reviews are very different, FYI.
That finding doesn't really have much to do with the financials as they were still fairly presented technically, just that the operational and banking practices for running their business was not deemed appropriate by CFPB. Usually that agency finds and recommends new regulation, or reviews customer complaints to find unfair business practices, whether it has anything to do with the law or not. I've worked with their attorneys before and they're some critical $€]<^£{!{
This might have been a Deloitte consulting job. I'm not part of it but sounds familiar
Some enterprising staff probably discovered this and is now partner at big uncle D. 👍🏻
I think Wells Fargo is audited by KPMG San francisco
That's really pervasive throughout the company.. Sounds odd
Wells Fargo - fucken b@sta@rds!