Fast-growth businesses in Scotland attracted over half a billion pounds of venture capital (VC) investment in the first half of 2022, according to the latest figures from KPMG UK. Despite investors becoming more cautious globally, there were 45 investments completed in Q2 2022, raising over &po
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KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi
Vishal Chopra, head of tax for Scotland at KPMG UK, discusses the potential future tax plans at Westminster. Whoever becomes the UK’s next Prime Minister, it seems certain that tax will play a huge role in setting the tone for their premiership. Everything we’ve heard from the Tory candi
Two fast growth businesses from Scotland have been shortlisted to pitch to industry experts as part of KPMG’s global search for the UK’s next tech disruptor. Novosound, an ultrasound imaging firm, was crowned the winner of KPMG UK’s Emerging Giants Tech Innovator Scottish heat in G
With inflation having reached a 40-year high, fears of a recession have been all but confirmed, according to KPMG's latest UK economic outlook report.
Over 200 KPMG UK colleagues in Aberdeen, Edinburgh and Glasgow took part in two of the firm’s charitable ‘Big Walks’ last week in support of charity partner Marie Curie, the end-of-life charity. The Big Walks took place in Aberdeen on Thursday 16 June and Falkirk on Friday 17 June
KPMG UK has announced its alliance with Alteryx, the analytics automation company, as part of the firm’s continued technology strategy to invest in technology to automate the firm’s solutions and help clients accelerate data-driven business transformations. KPMG and Alteryx will combine
KPMG UK has promoted three colleagues in its Scottish offices across key growth areas for the business. Steven Murdoch has been promoted to director within KPMG’s Deal Advisory Tax team in Glasgow. He joined KPMG as a graduate in 2007 and works closely with a range of UK and international clie
Total sales in Scotland increased by 1.6% compared with May 2021, when they had grown by 60.9%, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.
KPMG is to cut the number of companies it audits to focus on improving its standards after a series of scandals, including the collapse of government contractor Carillion. The Big Four firm's decision to reduce its client numbers comes as more than 70 stock market companies put their audit contracts
The Executive Counsel of the Financial Reporting Council (FRC) has imposed sanctions against KPMG and Anthony Sykes, an audit engagement partner, in relation to the statutory audit of the consolidated financial statements of Rolls-Royce Group plc for the financial year ended 31 December 2010. The fi
Total retail sales in Scotland increased by 15.3% in April this year compared with April 2021, when they had grown by 107.9%, according to the latest Scottish Retail Consortium (SRC) & KPMG Retail Sales Monitor.
The Institute of Chartered Accountants in England and Wales (ICAEW) is set to receive the entire £14.4 million fine imposed on KPMG last week for its role in the Carillion scandal. Last week, Scottish Financial News reported that KPMG was set to be fined after a Financial Reporting Council (FR
Big Four firm KPMG is set to be fined £14.4 million after a Financial Reporting Council (FRC) tribunal found that its auditors deliberately misled regulators during routine inspections of its audit of collapsed government contractor Carillion. The £14.4m fine for KPMG would be the second
Fast-growth businesses in Scotland continue to attract huge volumes of venture capital (VC) investment, despite the uncertain geopolitical and macroeconomic environment, according to the latest figures from KPMG UK. Scottish scaleups saw 41 deals completed in the first three months of this year, rai