Why it Matters

KPMG LLP continues its two-decade lobbying presence with a seasoned in-house team to push forward on crypto reporting, tax reform, and audit oversight.

By the Numbers

KPMG reported $590,000 in Q3 2025 lobbying expenditures for in-house activities and has maintained federal lobbying since February 2003.

Lobbying Team

The Agenda

KPMG’s Q3 2025 filing targets multiple priority areas that affect the firm’s audit, tax, and advisory services:

  • Virtual currency and digital asset reporting
  • Digital asset attestation issues and proof of reserves for stablecoins
  • Tax Cuts and Jobs Act provisions and SALT cap modifications
  • Corporate Transparency Act implementation and PCAOB/Sarbanes-Oxley oversight
  • Federal government financial statements and auditing standards

Broader Context

Congress is actively debating digital asset regulation and tax policy, including hearings by committees such as House Ways and Means and Senate Finance. These debates directly affect firms providing audit and advisory services and create new compliance demands and business opportunities. See recent hearings on “Making America the Crypto Capital of the World” and the Senate Finance review of digital asset taxation.

Competitive Landscape

All Big Four firms lobby on similar issues: PwC, Ernst & Young, and Deloitte disclosed related advocacy. Industry groups such as the Association of International Certified Professional Accountants coordinate on Corporate Transparency Act, PCAOB standards, and SALT cap issues.

Between the Lines

Active legislation includes the STABLE Act (H.R.2392), GENIUS Act (S.919), and the PROOF Act (S.1405). Members remain divided on PCAOB and audit oversight, with competing proposals visible in public communications.

The Bottom Line

KPMG maintains steady lobbying investment through experienced in-house talent and positions itself for regulatory changes in digital assets and tax policy. Industry-wide coordination suggests potential policy shifts ahead for professional services.