Search Results for: KPMG

KPMG to settle charges by paying a $50 million penalty

June 19th, 2019 (0)
The Securities and Exchange Commission (SEC) charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB). The SEC’s order also ...

President of biggest law firm in France accuses KPMG of ‘coup’ against the profession

February 7th, 2019 (0)
President of biggest law firm in France Fidal accuses KPMG of ‘coup’ against the profession after 130 lawyers decamp to accounting giant. French press reports describe the mass exit from Fidal to the accounting giant as ‘big bang chez ...

KPMG Report on Fintech: Global investment in Fintech is going gangbusters

August 9th, 2018 (0)
KPMG has published their Pulse of Fintech report highlighting global Fintech activity for the first half of 2018. According to KPMG, global investment in Fintech is going gangbusters as “Fintech market activity worldwide gained momentum during the first half ...

Several current and former KPMG partners face court contempt

December 20th, 2017 (0)
Several current and former KPMG partners are facing contempt proceedings in a Hong Kong court, as liquidators for a failed U.S.-listed Chinese company step up their action against the auditor over its refusal to produce Chinese working papers. The ...

KPMG is facing a battle to remain as auditor to the Bank of England

November 6th, 2017 (0)
KPMG is facing a battle to remain as auditor to the Bank of England‎ as rivals plot to end its decade-long tenure in the prestigious role. Sky News has learnt that officials from Britain’s central bank contacted other accountancy ...

KPMG and Barclays sued for ‘engineering’ administration of quarrying company

October 25th, 2017 (0)
Quarrying company Portland Stone Holdings Limited is suing Barclays and KPMG for ‘engineering’ the administration of its subsidiary, Stone Firms Ltd, in 2010. The Portland Stone suppliers allege that the Barclays business support unit was ‘an internal profit centre’ ...

Closure of investigation into KPMG’s audit of HBOS plc

September 19th, 2017 (0)
The Financial Reporting Council (‘FRC’) announces the closure of its investigation into the conduct of KPMG’s audit of HBOS plc for the year ended 31 December 2007. The Executive Counsel to the FRC has, following a detailed investigation, concluded ...

Big Four accountant EY will replace KPMG as auditor of mining giant BHP Billiton

August 28th, 2017 (0)
Big Four accountant EY has snared a lucrative victory, replacing KPMG as mining giant BHP Billiton’s auditor. BHP conducted an audit tendering process during the year in the wake of regulations forcing firms to rotate their statutory accountants. As ...

KPMG agreed to pay Millions for audit failures

August 17th, 2017 (0)
The Securities and Exchange Commission (SEC) announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being ...

KPMG hires new partner for investment advisory team in UK

June 20th, 2017 (0)
KPMG has appointed Pat Race as a partner in its pension investment advisory team. In his role, Race will work with KPMG investment advisory and trustee services partner Nick Evans and his team in the firm’s London office. The ...
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