Search Results for: Big Four
KPMG is getting questioned to Wells Fargo sales-practices scandal
November 3rd, 2016
Wells Fargo & Co. isn’t the only one having to answer to Washington over its sales-practices scandal. Its longtime auditor, KPMG LLP, is getting questioned, too. In a letter to KPMG last week, Sen. Elizabeth Warren (D., Mass.) and ...
PwC’s legal arm posts 24% revenue jump
September 14th, 2016
Revenue at PwC Legal has soared this financial year, from £48.5m to £59.9m, an increase of 25%. Led by senior partner Shirley Brookes, the legal arm of the accounting giant has also posted net income of £11m. Of the total revenue, ...
The number of practices providing audit services has continued to fall
July 4th, 2016
The number of practices providing audit services has continued to fall at a rapid pace, as the market comes to terms with regulatory and legislative edicts at both the top and lower ends of the spectrum. The latest Key Facts and ...
Former PwC employees found guilty in Luxleaks trial
July 1st, 2016
Two former PwC employees at the centre of the so called ‘Luxleaks’ tax scandal have been found guilty and handed suspended sentences. Antoine Deltour, a former auditor for the Big Four firm and ex-employee Raphael Halet received 12 and ...
FRC to investigate KPMG over HBOS audit
June 29th, 2016
The Financial Reporting Council (FRC) has announced it will be holding an investigation under the accountancy scheme into the conduct of KPMG’s audit of HBOS for the year ended 31 December 2007, after coming under severe criticism for failing ...
EU audit reform to open up £10bn market for firms
June 21st, 2016
New EU audit reforms are expected to trigger a wave of contracts changing hands, which could open up a £10bn market for advisers. The regulations, which come into force today, force large companies to tender their statutory audit at least ...
KPMG replaces BDO as auditor of the multinational company Benchmark
May 30th, 2016
ANIMAL WELFARE and nutrition business Benchmark has confirmed the appointment of KPMG as its auditor. The Big Four firm replaces BDO, which held the post with the AIM-listed company for the past 15 years. The appointment is effective immediately, and ...
KPMG audit quality criticised in FRC review
May 23rd, 2016
The quality of audit work undertaken by the top six firms has improved with only KPMG found to have audits in need of significant improvement, the FRC said Thursday. Out of the 104 audits were inspected for 2015/16 – 89 of ...
KPMG receives complaints over Isle of Man controversy
May 18th, 2016
KPMG’S Canadian arm is the subject of two complaints from one of the country’s largest financial worker’s unions, with the group claiming that the Big Four firm set up offshore tax structures in the Isle of Man to help wealthy Canadians ...
Five more women added in gender discrimination lawsuit against KPMG US
May 17th, 2016
Five more women have been added as named plaintiffs to the ongoing $350m (£243m) class action gender discrimination lawsuit against KPMG’s US arm. On 13 May, Sanford Heisler, the law firm representing the five plaintiffs, filed an amended complaint ...
