Insurance CEOs Talk Gen AI, Growth, Workforce Strategies September 25, 2024 By Susanne Sclafane A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
KPMG Hit With Record Fine in UK for ‘Textbook Failure’ in Carillion Audits October 13, 2023 By Huw Jones Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits...
Three-Quarters of Firms Globally Are Not Ready for New ESG Rules: KPMG Report September 26, 2023 Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before...
Zurich and KPMG Collaborate to Provide Climate Change Advisory Services September 18, 2023 Zurich Resilience Solutions, the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), and the professional services firm...
First Republic, KPMG Are Sued for Concealing Bank’s Risks April 25, 2023 By Jonathan Stempel First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest...
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure April 11, 2023 By Joel Rosenblatt and Robert Burnson KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America...
‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures June 1, 2022 By Huw Jones Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS...
KPMG Faces $18 Million Fine for Misleading British Regulator May 12, 2022 By Kirstin Ridley KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of...
KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent February 4, 2022 By Katharine Gemmell and Michael Kapoor KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over...