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KPMG | News | Accounting

An overview of KPMG news in the UK:

Big Four foisting 'high risk' clients onto smaller competitors The Financial Reporting Council has found that the Big Four’s auditing function has collectively improved for two consecutive years.
28 July 2022
FRC reprimands KPMG for Conviviality and Regenersis failings A member of the Big Four has once again been stung with a fine for audit failings in the UK.
28 January 2022
KPMG fined £13 million for Silentnight misconduct KPMG has been severely reprimanded by an independent tribunal for misconduct, after a long-running case relating to the sale of the bedmaker Silentnight.
09 August 2021
Senior KPMG Executive scrutinised amid M&C Saatchi investigation One of KPMG’s most senior executives faces scrutiny from the UK audit regulator over a series of errors in the accounts of M&C Saatchi.
20 April 2021
Labour pledges to take on Big Four audit "cartel” The Big Four of PwC, KPMG, Deloitte and EY could face an audit-sector overhaul, should the Labour Party win the 2019 general election.
29 November 2019
KPMG faces potential lawsuit regarding Carillion audit Following the collapse of Carillion at the start of 2018, Big Four professional services firm KPMG has been under sustained scrutiny from UK regulators, the press and even Parliament.
12 August 2019
KPMG to restructure its UK audit business With the Big Four routinely coming in for criticism from the UK’s auditing watchdog, KPMG has taken action to offset further calls for the break-up of its accounting and consulting wings.
04 June 2019
Union calls for Carillion criminal investigation one year on Following a succession of additional scandals worsening the blow of the Carillion scandal, one of the UK’s leading workers’ rights organisation has called on the Government to take more stringent act
17 January 2019
CMA calls for audit market cap but stops short of Big Four break-up The Big Four audit and advisory firms face an unprecedented limit to their market share, following the conclusions of a probe by the UK’s competition ombudsman.
17 December 2018
Big Four rivals outline recommendations for changing UK audit market Some of the UK’s largest auditing and advisory firms have called for changes to the UK accounting scene, ahead of the Competition & Markets Authority’s industry probe.
22 November 2018
KPMG imposes self-enforced ban on non-audit work for FTSE 350 Reports circulated by the UK media have stated that KPMG is to stop undertaking non-audit work for FTSE-350 companies whose accounts it supervises.
09 November 2018
Big Four accounting firms brace for competition probe from CMA As pressure continues to mount on the top figures of the auditing and advisory industry, the dominance of the Big Four in the accounting arena will now be the subject of a landmark competition probe.
15 October 2018
Big Four firms wary of Sports Direct's hunt for new auditor As competition rules have led to Grant Thornton having to stand aside as the auditor of Sports Direct, the retail group has been left struggling to replace the firm.
19 September 2018
British furniture company appoints KPMG administrators A UK furniture producer has appointed administrators from Big Four firm KPMG, following a rocky start to 2018 for retailers and their suppliers.
07 August 2018
'Unacceptable deterioration' in auditing sees KPMG censured by FRC The Financial Reporting Council has taken unprecedented steps to monitor the auditing work of KPMG.
28 June 2018
Big Four maintains dominance of FTSE 100 and 250 audits Despite building pressure on watchdogs and UK lawmakers to break up the Big Four, the top accounting and advisory providers remain dominant in the UK auditing market after the first quarter of 2018.
04 June 2018
FRC mulls KPMG investigation over Conviviality auditing KPMG could face investigation by the Financial Reporting Council over its role in the collapse of Conviviality.
01 May 2018
Auditor questions Northamptonshire council consultant's role Cash-strapped Northamptonshire County Council has come under fire from multiple angles, following the institution cutting £40 million from its budget amid claims it had wasted money on frivolous acti
13 April 2018
KPMG faces Carillion auditing investigation Professional services firm KPMG is set to be investigated by the UK’s Financial Reporting Council over its role in the collapse of construction firm Carillion.
31 January 2018
Watchdog probes Deloitte audit of Mitie accounts Britain's accounting watchdog is investigating Deloitte's auditing of Mitie Group, the outsourcing company that issued a string of profit warnings last year.
08 August 2017
European report calls for greater regulation of Big Four auditors A survey on global tax avoidance, prompted by the Panama papers scandal in 2016, has called for new measures to hold the auditing practices of Big Four firms Deloitte, EY, KPMG and PwC to account.
10 July 2017
KPMG boosts revenues to $24.4 billion, Advisory leads growth Accounting and consulting giant KPMG has realised revenues of $24.44 billion for its latest fiscal year, booking an 8% increase in local currency terms, up from 6% in the previous year.
14 December 2015
KPMG UK and Metro Bank provide new SME service Metro Bank and KPMG have joined forces to deliver a service to small business owners that reduces their administrative burden by more than 90%.
13 October 2015
KPMG launches internal probe into audits of FIFA KPMG International has launched an internal probe into its Swiss arm’s audits of FIFA.
29 September 2015
KPMG Australia shifts from accounting to consulting KPMG Australia is seeking to transform its image from accounting to consulting.
20 August 2015
35 most talented accounting & advisory professionals Platform Accountancy Age has released the 2015 edition of its ‘35 under 35’ ranking. This list recognises the 35 most talented accounting and advisory professionals under the age of 35.
26 May 2015
KPMG revenue grows to 424.8 billion, driven by Advisory KPMG has in its latest fiscal year booked a record-high global revenue of $24.8 billion, roughly 6% higher than its turnover in the previous year.
10 December 2014
KPMG UK launches new integrated offering for SMEs KPMG has launched KPMG Enterprise, a £40 million investment to extend its services to mid-market firms.
30 October 2014
KPMG adds 102 directors in UK, one-third are female Accounting and consulting firm KPMG has announced the promotion of 102 directors in the UK. With the latest round of promotions the total number of directors in the Big 4 professional services firm stands at 871 – a 13% increase fr
13 October 2014
KPMG, Grant Thornton and PwC win IAB 2014 award Last week the International Accounting Bulletin (IAB) announced the winners of its global awards. Among the finalists were several professional services firms also active in the consulting industry. KPMG turned out one of the
25 September 2014
KPMG buys US professional services firm Rothstein Kass Accounting- and consulting firm KPMG has agreed to buy Rothstein Kass, the 19th largest professional services firm in the United States. Terms of the deal have not been disclosed yet based on the size of Rothstein
01 July 2014
Big4 have 73% share in the UK accountancy market It should be no surprise that both the European Union and local governments are eagerly looking forward to introducing regulations to increase competition in the accountancy market. A new survey of Accountancy Age in the United Kingdom once again clear
10 September 2012

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