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The Latest Breaking News from KPMG

Inside EY’s break-up plan: why it could radically reshape the Big Four

Splitting the audit and advisory businesses faces significant hurdles but other firms could follow

Financial Times

Forensic audit report into council-owned development company set to be published after U-turn

After previously insisting that a probe into Advance Northumberland would stay private, a council chief now says that 'whatever we can publish will be published as soon as possible'

Chronicle Live

KPMG fined £3.4m over ‘serious failures’ in Rolls-Royce audit

Regulator says accountants’ audit of jet engine maker failed to report payments to Indian intermediaries

The Guardian - UK

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KPMG staff to undergo mandatory unconscious bias training

Failure to complete the training may result in performance scrutiny

The Independent UK

Robin Abcarian: Patriarchy strikes again: California can't force companies to put women on boards

The patriarchy was not about to take this one sitting down.

Los Angeles Times

KPMG fined £3.37m over Rolls-Royce audit failures

The original fine was reduced after the accountancy firm made admissions relating to the case

Birmingham Post

Outgoing Star Casino chairman admits it was a 'mistake' to appoint executives who were not qualified for jobs

John O'Neill tells a public inquiry several executives at Sydney's Star Casino were promoted to roles "beyond their competencies".

ABC News

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Value of venture capital deals falls in Bristol at start of 2022

Year-on-year deal volume remained the same but there was a drop in the aggregate value of the deals, according to KPMG

Birmingham Post

Wage debates and inflation are just the tip of what business want the new government to tackle

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

ABC News

Speedy Hire 'frustrated and disappointed' over KPMG delaying full-year results at the 'last minute'

The company's results will now be published on Monday, May 30

Birmingham Post

Retail sector faces ‘bumpy road’ amid cost-of-living crisis

Recovery in high street shopping tempered by rising pressures on consumer spending

Insider UK

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

Benzinga

KPMG to be fined £14m for forging documents over Carillion audit

Regulator confirms settlement after former staff falsified material over audits of Carillion and Regenesis

The Guardian - UK

Shortage of job seekers stokes London recruitment crisis

KPMG and REC report only shows glimmer of hope for hiring businesses as wage demands sharpen

Evening Standard

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Birmingham Post

Companies offering higher starting salaries in bid to attract more staff

Businesses across the UK are struggling to recruit workers into temporary and permanent jobs, a new report has found

Nottingham Post

Nottingham City Council: How and why did the auditors fail to identify £40m misspend?

'It looks likely these transactions may never have been selected for testing'

Evening Standard

Fears more High Street stores could collapse as spending falls

The BRC and KPMG warned that retailer will struggle to absorb rising costs

Wales Online

Shoppers cut back on spending due to surge in cost of living

Sharp downturn in consumer confidence prompts consumers to 'put brakes' on shopping and eating out

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news in one place.

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The Independent UK

Shoppers ‘put brakes’ on spending due to surge in cost of living

The latest BRC-KPMG retail sales monitor has revealed that sales dipped in April after a sharp downturn in consumer confidence.

Axios

How do you tax NFTs? States are in a quandary.

Washington is the first state to give guidance on NFTs and sales tax.

ABC News

The Star suspends VIP rebate program aimed at attracting high-spending gamblers

The Star Entertainment Group says it will suspend its VIP rebate programs while it deals with probity issues from a damning inquiry into the company's suitability to run its Sydney casino.

Bristol Post

Southmead Hospital construction 'problems' among key claims in government lawsuit against Carillion auditors

The construction was controversial due to 'problems' with the building and Carillion was later sued by the NHS Trust responsible for the hospital, before the company collapsed

Newsroom.co.nz

Troubled Firefighters' Credit Union sparks concern about small finance institutions

As the Reserve Bank expresses concern about the scale and profitability of small finance businesses, firefighters will vote today on the future of their credit union.

Birmingham Post

KPMG Law to double in size over next three years with 220 new hires

The division has bases in Manchester, London, Reading, Birmingham and Leeds

Birmingham Post

Higgs recruits new negligence team and more appointments news

Quartet join Black Country law firm, Barkley Plastics installs new directors and Destination Coventry grows its oversight board

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