Search Results for: KPMG
Do you know Deloitte, KPMG, EY are helping the RBI probe NPA cases?
August 28th, 2015
The Reserve Bank of India (RBI) received reports about a month ago on forensic investigations it had ordered into the bad debt at two companies – Surya Vinayak Industries and Deccan Chronicle Holdings. Some corporate investigators are now helping banks to ...
Big Four owe public interest not to ditch audit, says KPMG chair
August 25th, 2015
The UK’s largest auditors have a public interest commitment to retain their mature audit businesses despite more lucrative growth prospects elsewhere, the chairman of KPMG has said. In an interview with the Financial Times, Simon Collins, KPMG’s UK chairman, said the ...
KPMG facing probe as Quindell restates accounts
August 10th, 2015
KPMG is facing an investigation by the accounting watchdog over its work auditing the accounts of troubled AIM-listed insurer Quindell. The Financial Reporting Council inquiry was confirmed hours after Quindell revealed it had plunged to a £68m loss last year ...
KPMG forms alliance with alternative finance provider
August 3rd, 2015
Professional services firm KPMG has formed an alliance with an alternative finance provider to help more small businesses access the finance and advice they need to accelerate their growth. The partnership between the Big Four firm and MarketInvoice will ...
PwC takes over from KPMG at Aberdeen Asset Management
July 24th, 2015
PwC has picked up a new financial services audit client as Aberdeen Asset Management has announced its intention to end its 32-year relationship with KPMG PwC is to be appointed as the group’s external auditor for the year ending ...
KPMG buys High-Point Rendel
July 21st, 2015
Accounting giant KPMG has bought consultant High-Point Rendel Ltd. High-Point Rendel specialises in large scale global infrastructure projects mainly in the energy, transportation, and oil and gas sectors. Thirty-five staff from High-Point Rendel will now join KPMG’s Major Projects ...
PwC is to lose audit power of Aggreko to rival KPMG
July 15th, 2015
PwC is to lose the audit of temporary power outfit Aggreko next year, after 18 years, when Big Four rival KPMG takes control of the £1.1m account. The move is subject to shareholder approval at Aggreko’s 2016 AGM, after ...
EY secured a FTSE 100 company account from rival KPMG
July 13th, 2015
EY is to tuck into another lucrative slice of the FTSE 100 audit market after securing the Associated British Foods (ABF) account from rival KPMG, which has audited the company for over 70 years. The £9.1m account, of which ...
Barclays announces its intention to appoint KPMG as its auditor
July 6th, 2015
Barclays PLC and Barclays Bank PLC (Barclays) announces its intention to appoint KPMG as its auditor for the year ending 31 December 2017. This follows a competitive tender process overseen by an Audit Tender Oversight Sub-committee of the Barclays’ ...
Investigation into KPMG in connection with The Bank of New York Mellon’s compliance with the FSA’s client asset rules
June 23rd, 2015
The Financial Reporting Council (FRC) has launched an investigation under the Accountancy Scheme into the conduct of KPMG Audit plc, auditors to The Bank of New York Mellon London branch and The Bank of New York Mellon International Limited, ...
