Can’t KPMG Just Do Better Audits?

KPMG is getting into venture-capital investing, according to an article today in the Times of London. It's one moresign that the Big Four audit firms are moving beyond traditional accounting services and getting themselves into other more far-flung endeavors.

The newspaper said the fund, called KPMG Capital, will be based in London and "will invest predominantly in small British and American data and analytics businesses." We can presume that KPMG would be smart enough to avoid auditing the books at places where it invests, although you never know.