KPMG | Global news | Crisis

An overview of KPMG global news:

United States

KPMG defends clean audits of SVB and Signature Bank KPMG US defended its clean audit opinions of Silicon Valley Bank and Signature Bank, both of which collapsed within two weeks of KPMG signing off on their financials.
17 March 2023
Australia

KPMG slashes 200 jobs in management consulting business The Australian arm of KPMG expects to axe around 200 jobs in the coming months, following a slowdown in the firm’s management consulting business.
20 February 2023
Europe

Global consulting firms respond to Russia’s invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
Canada

KPMG: Family businesses better weathered the pandemic Family businesses better weathered the pandemic storm, according to a recent global survey from KPMG.
21 June 2021
Canada

Canadians back continued government stimulus, finds KPMG survey Most Canadians (77%) continue to support major stimulus spending to kick-start the country’s economy, according to a recent survey from KPMG Canada.
13 April 2021
Canada

KPMG: Canadians want 'Canada-first' economic recovery strategy Canadians want a “Canada-first” strategy to jumpstart the economy, according to a January KPMG survey of 4,000 people.
05 February 2021
Australia

Australia's insurance industry saw profits halve in 2020 Bushfires, storms, floods and a global pandemic have combined to give Australia’s insurance sector one of its worst years on record. KPMG presents the year’s key figures in a new report.
13 January 2021
Saudi Arabia

HR leaders in Saudi Arabia are shifting focus to post-Covid-19 era Almost half of human resource functions in Saudi Arabia have shifted their lens from short-term Covid-19 firefighting to more strategic HR topics, focused on preparing their organisation and people f
04 January 2021
Canada

Most Canadians will take the Covid-19 vaccine – but one in five say they won't Most Canadians (78%) say they’ll get the Covid-19 vaccine if it’s offered in the next three months, according to a recent survey from KPMG Canada. However, 22% said they wouldn’t take the vaccine.
18 December 2020
Canada

Pandemic has boosted clout of IT leaders, finds KPMG report A majority (6 in 10) of technology leaders in Canada believe they have more influence in the C-suite than ever before, due to the increasing importance of digital technology during the pandemic.
26 November 2020
Australia

Covid-19 is reshaping insurance and wealth offerings Covid-19 is likely to leave an enduring legacy in the financial and wealth management sectors, as consumer demands become ever more complex. This is according to KPMG analysis.
08 November 2020
Canada

Canadian businesses worried second Covid wave will sink them Nearly one-third (31%) of small- and medium-sized enterprise (SME) owners and leaders believe they won’t have the adequate liquidity or access to financing to make it through a second Covid-19 wave,
02 November 2020
United States

KPMG slashes 1,400 jobs in United States KPMG US announced in late September that it is laying off 1,400 – or approximately 4% – of its 35,000-person workforce.
21 October 2020
Saudi Arabia

How banks and insurers in Saudi Arabia are faring during Covid While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have proven resilient this year.
07 October 2020
United States

Companies spent $15 billion extra on technology per week during pandemic Companies spent approximately $15 billion extra per week on technology, according to the 2020 Harvey Nash/KPMG CIO Survey.
29 September 2020
Canada

Most business leaders support federal wage subsidy Most Canadian business leaders (76%) think the revamped Canada Emergency Wage Subsidy (CEWS) is a good investment to keep Canadians working, according to a recent client survey from KPMG Canada.
25 September 2020
Canada

Returning to work during Covid-19: What are an employer’s obligations? Lisa Cabel, National Employment and Labour leader for KPMG Law Kaley Dodds, Senior Associate Employment and Labour Law, KPMG Law A recent KPMG poll found that more than half (54 per cent) of Canadian
11 September 2020
United States

US CEOs remain confident despite pandemic challenges US chief executive officers remain fairly optimistic despite the wide-ranging negative impacts of the global pandemic, according to KPMG’s annual CEO Outlook survey.
10 September 2020
Australia

Some staff feel Deloitte and KPMG are putting profits over welfare The revenues of the Big Four in Australia have boomed in recent years, with the latest full financial year having seen aggregate revenues of the quartet surpass the $9 billion mark for the first time
07 September 2020
Europe

Covid-19 has made people & talent the top risk, say CEOs The confidence of CEOs in growth has plummeted globally as a result of the Covid-19 pandemic.
31 August 2020
Australia

Why rapid strategic planning is vital in a Covid-19 world Strategic planning is a vital activity for any business. Not having a clear understanding of the opportunities and challenges that lie ahead is akin to driving at night with your headlights off.
27 August 2020
Canada

Most Canadians fear return to workplace, finds KPMG study More than half of Canadians (54%) are afraid of returning to their physical workplace because of how contagious Covid-19 is, according to a recent study from KPMG Canada.
10 August 2020
United States

A new global consumer is emerging, finds KPMG research The post-Covid-19 consumer is financially cautious, tech savvy and more conscious about consumption patterns, according to KPMG. These trends might well be here to stay across the world.
03 August 2020
Canada

KPMG suspends its partnership with WE Charity Accounting and consulting firm KPMG has joined a wave of corporate partners that are suspending or reviewing their relationship with WE Charity, which has been at the centre of a cronyism scandal in
28 July 2020
Saudi Arabia

KPMG lauds the Saudi government's agile Covid-19 response Rapid and decisive measures taken by the Saudi government have helped the Kingdom limit Covid-19’s impact on its economy.
28 July 2020
Lebanon

Lebanon calls in trio of leading management consulting firms The Lebanese government has hired a trio of leading management consulting firms to audit the country’s embattled central bank.
22 July 2020
South Africa

KPMG CEO calls for strengthening of South Africa's CA pipeline KPMG South Africa CEO Ignatius Sehoole has called for more vigilance than ever in South Africa’s accounting sector, as the Covid-19 crisis poses a unique challenge to the business environment.
01 July 2020
Canada

Covid-19 and its effect on municipal infrastructure Municipalities will have to chart an effective infrastructure strategy to successfully weather the ongoing pandemic, according to a recent insight article from KPMG Canada.
26 June 2020
India

How PwC, Deloitte, EY and KPMG are cutting employee costs As the consulting sector looks to navigate the challenging circumstances, the Big Four in India are making a number of adjustments to their employee costs in order to weather the storm.
18 June 2020
Europe

Only 'minor risk' of Covid-19 transmission in football match While the matter remains controversial, new research has shown that playing football is actually much less of a risk for transmitting Covid-19 than previously thought.
17 June 2020
Canada

Government aid essential as manufacturing sector faces cash crunch As manufacturers are impacted by the Covid-19 pandemic, federal government aid will be essential to keeping operations running until the situation improves, according to Peter Hatges, KPMG Canada par
08 June 2020
India

Tough times are ahead for India's real estate sector The next one or two years are going to be challenging for India’s real estate sector, according to Chintan Patel, partner at KPMG India and Lead for the firm’s Building, Construction and Real Estate
05 June 2020

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