KPMG | News | Crisis

An overview of KPMG news in the UK:

Big Four fined more than £100 million by FRC over five years The four largest audit and advisory firms in the UK have shelled out more than £100 million in fines over the last five years.
24 June 2025
KPMG UK and partner fined over Carr’s Group audit As regulators continue to pile pressure on the Big Four auditing and advisory firms in the UK, KPMG has been stung with a million-pound sanction.
23 June 2025
Consulting firms slow to respond to Supreme Court ruling The consulting industry has played a leading role in workplace diversity discourse in recent years – particularly with regards to helping LGBT+ staff to bring their full selves to work.
20 May 2025
UK risks squandering early net zero leadership While various sources suggest the country is lagging behind in its transition to a zero carbon economy, a new study contends that the UK may actually be half-way to net zero.
22 November 2023
Leaders must collaborate in face of global crises Dog-eat-dog business will no-longer cut the mustard when it comes to the private sector addressing systemic crises such as climate change.
09 October 2023
Big Four firms close offices over Christmas Three of the world’s four largest consulting and accounting firms have shuttered their offices over the festive period.
02 January 2023
CEOs reduce ESG and staff spending to prepare for recession A global CEO survey has shown most businesses anticipate recession in the coming 12 months.
25 October 2022
Professional services firms under pressure to cut Russia ties Under pressure to sever ties with Russia, several of the world’s largest professional services firms have closed their Russian offices.
07 March 2022
Europe's top football leagues lose £4.5 billion due to pandemic The impact of Covid-19 on the global economy means Europe’s top football leagues lost £4.5 billion in revenues over 2020.
15 January 2021
Consultants hired to check Covid-19 rescue loans for fraud The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
16 consulting firms awarded government coronavirus contracts The UK Government has once again come under fire for its spending on private consulting contractors, after it emerged the industry had received contracts worth £56 million to help with the national r
24 August 2020
KPMG to shed up to 200 UK jobs amid dented revenues Big Four professional services firm KPMG is reportedly mooting the axe for as many as 200 of its UK employees.
28 July 2020
KPMG, HFW and Augusta Ventures to support Covid-19 legal disputes As many companies struggle to overcome problems caused by the coronavirus pandemic, HFW, KPMG and Augusta Ventures have announced a non-exclusive project to support them.
08 July 2020
Coronavirus slashes billions of value of football players The current coronavirus pandemic is widely expected to see the era of massive inflation of football transfer fees abruptly come to an end.
15 May 2020
Fiduciary management market sees lowest growth since financial crisis A new study on the UK’s £142 billion fiduciary management market has found that it has suffered its slowest growth in a decade.
03 December 2018
E&Y and KPMG: Car industry in biggest crisis ever since '93 The European automobile industry is experiencing the biggest crisis since 1993. The demand for new cars in recession-bound Europe fell by 17% last year, the biggest annual drop since 16.
25 February 2013

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