Kpmg

106-120 of 320 Articles
Clock icon 3 minutes

KPMG has been hit with another multi-million-pound fine from the Financial Reporting Council (FRC), over its audits of drinks company Conviviality in 2017. The FRC announced yesterday that it had issued a final decision notice under Audit Enforcement Procedure and imposed sanctions against KPMG

Clock icon 3 minutes

As more information emerges about the Omicron variant and restrictions begin to ease, Scotland’s GDP is expected to grow by 4.8% this year, according to new analysis by KPMG UK. With Omicron posing a milder setback than earlier strains, KPMG expects all regions and nations to reach their pre-C

Clock icon 2 minutes

Stuart Smith, a former senior auditor at KPMG, has been fined £150,000 and banned for three years after admitting to misleading the Financial Reporting Council (FRC). KPMG and Mr Smith admitted their misconduct in relation to the FRC’s Audit Quality Review (AQR) inspection of the audit o

Clock icon 4 minutes

Total retail sales in Scotland increased by 15.6% compared in December, compared to the same period the year before, when they had decreased by 16.6%, according to the latest Scottish Retail Consortium (SRC) and KPMG Retail Sales Monitor.

Clock icon 4 minutes

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

Clock icon 2 minutes

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

Clock icon 2 minutes

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

Clock icon 8 minutes

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

Clock icon 2 minutes

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

Clock icon 2 minutes

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

Clock icon 2 minutes

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

Clock icon 2 minutes

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

106-120 of 320 Articles