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The Latest Breaking News from KPMG

'Naive, embarrassing': KPMG chair-elect's email apology

The chairman-to-be of a major consultancy firm has issued a mea culpa for casting doubt on whistleblower claims detailed by a federal senator.

AAP

CRA Lawsuit Settlement: Who Can Claim Up to $5,000 and How to Check Eligibility

Thousands of Canadians affected by 2020 government account cyberattacks can now apply for up to $5,000 compensation under an $8.7 million settlement.

International Business Times UK

Canada Class Action Lawsuit: $8.7 million settlement offers eligible Canadians up to $5,000 - Check who qualifies and how to claim compensation

A court in Canada has given the green light for an $8.7 million settlement arising from a privacy breach that occurred in 2020. Canadians whose Government of Canada accounts were compromised can file for compensation related to the unauthorized access and subsequent fraud resolution efforts. Valid claims for expenses might…

The Economic Times

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AI adoption in finance hits 76%, governance and AI-centric operating models key to future edge: KPMG

Artificial intelligence (AI) has reached an inflection point in finance, with 76% of organisations already using it in financial planning. However, while adoption is outpacing organisations' ability to scale AI across the enterprise, the next competitive edge will depend on building AI-centric finance operating models and robust governance frameworks, as…

The Economic Times

Career growth is actually a higher priority for Gen Z than work-life balance, survey says—with 93% of interns wanting to become executives

Career growth is a higher priority for Gen Z than work-life balance, workplace culture, and even salary, according to a KPMG survey of interns.

Fortune

Montessori learning is being shut down at Leah’s school – is a push towards ‘explicit instruction’ to blame?

Critics say the one size-fits-all approach doesn’t work for all students and there are questions about the body that has been pushing it

The Guardian - AU

The $300k logo, the $84k pool contract, and KPMG's review tab

A look at little known taxpayer spending you may have missed.

The Canberra Times

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One Tax Return Mistake Could Trigger Hefty HMRC Fines Under New Rules: Millions at Risk

HMRC's draft legislation introduces a 'duty to correct' tax errors, potentially treating uncorrected mistakes as deliberate, leading to steeper penalties. The aim is to improve compliance across taxes.

International Business Times UK

The Best Women Golfers Yet To Win A Major

Some hugely talented female golfers have yet to get over the line in one of the five Majors. Here are 15 still looking to put that right

Golf Monthly

Illicit tobacco: Successful raids are not enough to put an end to this criminal trade

Successful raids make the headlines. However, they also highlight just how much illegal tobacco can still be seized. Giovanni Kessler, former Director-General of the European Anti-Fraud Office (OLAF), is therefore calling for far-reaching measures in an opinion piece for Euronews.

Euronews

KPMG Australia says no decision made on workforce after media report of 1,000 job cuts

KPMG Australia denies making job cut decisions following media reports. The firm is reviewing its operating model and cost base for future challenges. This comes after a significant audit misconduct scandal involving confidential client data. Several high-level executives have already departed the accounting firm. KPMG faces multiple government and professional…

The Economic Times

CBIZ Sold for $5 Billion: Grant Thornton mega deal creates fifth-largest US accounting services firm

Grant Thornton Advisors is acquiring CBIZ for five billion dollars. This significant transaction will create the nation's fifth-largest professional services provider. The deal offers CBIZ shareholders a substantial premium of seventeen point eight percent. Grant Thornton's expanded operations will span over twenty countries and territories. The combined entity expects to…

The Economic Times

KPMG faces big setback in Australia amid allegations of mishandling confidential data

KPMG Australia has stopped bidding for new Victorian government contracts as an investigation into the alleged misuse of confidential client information deepens. The audit and consulting firm is also withdrawing from ongoing tenders, while facing possible job cuts, lower partner pay and wider restrictions on public sector work across Australia.

The Economic Times

Chips, phones, and the Viksit Bharat playbook

With the mobile phone manufacturing scheme and ISM 2.0, the government has communicated a clear signal to the world that India is a long-term player in high-tech electronics that can design, develop, and manufacture at scale to meet the global demand.

The Economic Times

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The Canberra Times

How big four fallout is driving talent to smaller firms and the public service

Big four consultants are going elsewhere.

Fortune

Exclusive: KPMG and OpenAI bet the future of software is 'headless' — and the future of work is mostly talking

"You're going to be talking more than you're typing," KPMG U.S. TMT leader Chad Seiler told Fortune about the future of work.

AAP

Scandal-hit accounting firm names new chief executive

KPMG Australia chief financial officer John Sams will take over as its next chief executive, amid fallout from the misuse of confidential client data.

The Economic Times

KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal

KPMG Australia has penalized seven staff members for misusing confidential client information. Financial penalties up to A$180,000 were imposed after an internal audit leak probe. This scandal has already led to the resignations of the firm's CEO and other senior leaders. The Australian Securities and Investments Commission is also investigating…

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The Economic Times

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

The Economic Times

KPMG Australia weighs 1,000 job cuts amid audit scandal

KPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The company admitted mishandling a whistleblower complaint and launched new investigations. Several high-level executives have departed the firm since the scandal broke. KPMG is evaluating various options to address current…

TechRadar

CEOs are being left baffled at the high cost of moving to AI — shockingly enough, sacking human workers isn't resulting in huge savings

Replacing human workers with AI isn't always the best decision, shockingly.

AAP

Audit firms to be investigated following KPMG scandal

Major consulting companies will have their audit firms investigated by the corporate watchdog in an inquiry triggered by allegations surrounding KPMG.

Newcastle Herald

34,000 new jobs to power region's future economy puts Hunter in league with Australia's enterprising regions

The Newcastle and Hunter economy is set for significant changes with more than 30,000 new jobs forecast to drive emerging industry over the next five years.

Golf Monthly

Scottish Open 2026 Betting Tips: Can Baz Tip A Third Consecutive Winner?

Our expert tipped the winner of the KPMG Women's PGA Championship and the John Deere Classic in the past two weeks, but who does he fancy at the Scottish Open?

The Economic Times

E20 causes ‘minor’ drop in vehicle mileage, Puri says, as India gears up for E100 fuel

The Petroleum Minister acknowledged a minor drop in fuel efficiency with E20 petrol but highlighted improved acceleration and engine performance as key benefits. Despite consumer concerns about mileage and older vehicles, the government is pushing ahead with ethanol blending. India is also exploring higher blends like E25 and E85.

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