All KPMG articles – Page 9
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Blog
Recovering from an ethical scandal
How does a company restore its reputation after an ethical failure? Tom Fox explores how KPMG will react after its faulty audits of the embattled Gupta family.
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Blog
KPMG and Exiger partner to leverage AI-based technology
Exiger, a global regulatory and financial crime, risk and compliance firm, recently announced a partnership with professional services firm KPMG in the U.K. to help enrich and streamline compliance solutions for its global corporate and financial institution clients.
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Blog
With revenue adoption lagging, grim predictions unfold
Evidence is mounting that companies are way behind in complying with new revenue rules, prompting predictions of late filings, internal control weaknesses, even restatements.
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Blog
McKinsey and KPMG face blowback in South Africa
Reports indicate both the international consultancy McKinsey and the international accounting firm KPMG have come under scrutiny for their work for the Gupta family and may be forced to self-disclose their findings to the U.S. government for potential FCPA violations.
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Blog
Mnuchin, KPMG, and RPMs
In case you missed it this week, the Mnuchins are wishing the internet could forget a few things, KPMG might be the latest victim of the #GuptaCurse, and in the wake of devastating hurricane action to hit the southwest, companies are showing just how unprepared they really were. And Uber. ...
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Blog
KPMG, partner settle SEC audit failure allegations
The SEC has extracted a $6.2 million settlement from KPMG over charges that the firm and an engagement partner failed to properly audit valuations in 2011.
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Article
Auditors: How can they be appointed independently?
A series of severe fines and reprimands involving auditor misconduct raises a thorny question: Could, or should, organizations have independently appointed auditors?
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Blog
U.K. probes KPMG for Rolls-Royce audits
The United Kingdom’s independent accounting regulator said it has commenced an investigation into the conduct of KPMG for audits it performed on Rolls-Royce.
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Blog
Will KPMG pay for Rolls-Royce’s corruption?
More negative publicity for KPMG, as the Wells Fargo auditor now faces additional scrutiny in light of the Rolls-Royce scandal—will the Big Four firm be made accountable?
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Blog
Senators press PCAOB for answers on KPMG audit of Wells Fargo
U.S. Senators are asking how KPMG could know Wells Fargo had fake accounts on the books, but not flag it as relevant to the financial statement audit.
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Blog
Whistleblowers at KPMG and Barclays—a contrast in style
The recent termination of six KPMG employees for receiving (and failing to report) improper advance information of PCAOB audits stands in stark contrast to actions taken after someone blew the whistle at Barclays Bank. A look at their responses is inside.
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Blog
Is KPMG getting tainted audit inspection results?
The inspection information leak that led to dismissals at KPMG and the PCAOB raises big questions about how to assure fair and transparent inspection results for all Big 4 firms.
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Blog
KPMG, PCAOB dismiss personnel over inspection leak
Heads are rolling at both KPMG and the PCAOB over an information leak that gave KPMG auditors a leg up heading into its annual regulatory inspections.
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Blog
PCAOB inspection findings rise at Grant Thornton
While audit inspection findings across the major firms generally improved in the most recently reported year, such was not the case at Grant Thornton.
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Blog
KPMG's latest inspection shows more modest improvement
KPMG's newest PCAOB inspection report shows another modest improvement in audit errors, although no one is yet jumping for joy over deficiency findings.
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Blog
Latest EY inspection shows improvement in error rate
The latest PCAOB inspection report for EY show the firm failed in 29 percent of audits inspected in 2015 to perform a clean audit -- an improvement over 2014 results.
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Blog
Wells Fargo scandal prompts senators to focus on clawbacks, KPMG
Still responding to the Wells Fargo scandal, Senate Democrats are urging tougher clawback rules and grilling KPMG over its “failure to identify illegal activity when it audited the bank’s financial statements.” Joe Mont reports.
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Blog
SEC bars 2 KPMG auditors over bank loan loss reserves
Tammy Whitehouse looks at the case of two KPMG auditors barred by the SEC from public company practice over their role as engagement partner and senior manager on the audit of a failed financial institution in the aftermath of the financial crisis.
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Blog
Board needs more time for strategy, risk, directors say
A recent KPMG roundtable series revealed that corporate boards just don’t spend enough time on strategy, strategic risk, technology, cyber-security, executive succession planning, or talent development. Tammy Whitehouse has more details.
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BlogFRC announces investigations into KPMG and PwC
The U.K. Financial Reporting Council, an independent investigative body that monitors and enforces accounting standards, is looking into audits made of financial services companies in the days preceding the global financial crisis of 2008-2009, starting with a delve into the work of two key accountancy firms—KPMG and PwC. Paul Hodgson ...