Kpmg

Jon Holt, the chief executive of KPMG, has admitted that the Big Four firm misled the Financial Reporting Council (FRC) over its audit of collapsed outsourcer Carillion. In a statement released on the first day of a five-week disciplinary tribunal over the behaviour of the firm and six former employ

Big Four accountancy firm KPMG has pulled out of bidding for public contracts after the Cabinet Office threatened to ban the firm following a slew of scandals. Earlier this month, Scottish Financial News reported that the department wrote to KPMG warning that the action would be taken if the firm co

KPMG UK has promoted three colleagues in Scotland to Partner. Oliver Dockray, Martin Stephens, and Philippa Sanderson all became partners of the professional services firm on 1 December 2021. Oliver Dockray becomes partner and head of tax technology and innovation following 13 years with the firm. B

The hearing of the formal complaint of ­the Executive Counsel to the Financial Reporting Council (FRC) under the Accountancy Scheme against KPMG, a former KPMG partner, and certain current and former KPMG employees will begin on 10 January 2022. The Formal Complaint alleges Misconduct against KP

Total sales in Scotland increased by 2.6% compared with November 2020, when they had decreased by 10.2%, according to the latest Scottish Retail Consortium (SRC) & KPMG Scottish Retail Sales Monitor.

Accountancy firms Johnston Carmichael, PwC, EY and KPMG, have responded to the 2022-2013 Scottish Budget announced by finance secretary Kate Forbes yesterday.  The finance secretary stated that ending Scotland’s contribution to climate change, tackling inequalities and investing in the ec

The Cabinet Office has threatened to ban KPMG from bidding for government contracts if it does not improve its audit standards. The Financial Times reported that the department wrote to KPMG warning that the action would be taken if the firm could not guarantee that there would be no further miscond

KPMG has told its UK auditors that it expects them to be in the office or at client sites four days a week in the future. Catherine Burnet, KPMG’s head of audit in the UK, informed UK employees in an email last week that client-facing staff should now be working at least two days a week either

KPMG UK has today confirmed that following a partnership vote, Bina Mehta has been elected with overwhelming support to continue in the role as Chair until the end of February 2024. Bina was appointed as non-executive UK chair in February 2021, following the firm’s move to a new governance mod

The liquidators of Carillion have launched a potential £250 million legal claim against KPMG - the former auditor of the collapsed contractor. The Official Receiver, the government agency in charge of liquidating Carillion, submitted a High Court legal claim against the firm on Friday. Full de

The return of Halloween has failed to lift retail figures, as total sales in Scotland increased by just 2.0% compared with October 2020, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Global Venture Capital (VC) investors deployed record amounts of money into Scottish scaleups over the summer, with more than £197 million raised according to Venture Pulse, a quarterly report published by KPMG Private Enterprise. The research, published using data supplied by PitchBook, recor

Scottish Enterprise has commissioned an ambitious international collaboration project called ‘Scot2Ger’ led by industry and supported by the public sector to explore future export opportunities for Scotland’s green hydrogen. The project, led by ScottishPower, Wood, KPMG Germany and

KPMG UK has appointed 12 new directors across its Scottish offices amid a promotions round that sees 98 employees in new roles. Catriona Donald, Gordon Gray, Scott McCrorie, Paul Mulcare and Susan Thom have been appointed directors within KPMG’s tax and legal function.

Total retail sales in September continue to perform below pre-pandemic levels, with sales down 9.1% compared with September 2019, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.