KPMG's Audit of Silicon Valley Bank and Signature Bank

Silicon Valley Bank failed just 14 days after KPMG gave the lender a clean bill of health signature bank went down 11 days after the accounting firm side and off on its audit. First Republic Bank, whose shares were down 76 percent Monday morning even after the bank got a liquidity boost from JP Morgan Chase and the Federal Reserve. The important thing an auditor does is it says, do the financials reflect what's really going on? And that's the question because this could have all happened with the financials accurately reflecting what was going on.