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KPMG AUDIT SCANDAL
KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandalKPMG Australia has penalized seven staff members for misusing confidential client information. Financial penalties up to A$180,000 were imp...- Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandalsAustralia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australi...
- KPMG Australia weighs 1,000 job cuts amid audit scandalKPMG Australia faces significant job cuts and partner pay reductions. This action follows fallout from a recent audit leak scandal. The com...
- Global overhaul at Big Four firms brings fresh alignments for IndiaBig Four firms are restructuring globally due to slow growth and changing regulations. These changes will impact their Indian operations. E...
- Big 4 affiliate firms continue to lead audit business in IndiaIn India, the Big Four firms conduct their audit business through affiliate firms. The EY group has emerged as the market leader with 153 m...
- UK seeks to rein in Big Four with new, revamped audit rulesThe widely awaited overhaul comes after lawmakers and practitioners promised to improve audit quality following a series of high-profile mi...
- KPMG India begins hunt for CEO’s successor to take over next yearThe new chief will take over at a time when the Big Four audit firms are trying to grow their non-audit advisory businesses and gunning for...
- UK's Big Four auditors await shake-up as corruption probes add upUK authorities want the industry to separate audit and consulting activities, while increasing oversight and competition following allegati...
- EY to hire 23,000 people in FY20The accounting firm is set to hire in 2020, making the Indian arm its largest workforce outside of the US.
- Walmart graft check: Flipkart hires KPMG to vet its vendorsA corruption scandal in its Mexico unit prompted Walmart to tighten its compliance with the Foreign Corrupt Practices Act (FCPA) globally, ...
- Hauling Deloitte & KPMG over coals may singe India IncWith only few quality audit firms, scaled-down presence of Big Four could hit cos, stump foreign investors.
- Trust should not be taken for granted in our profession: KPMG's William ThomasWe spend an incredible amount of time, energy and effort to fulfill the responsibility that we have towards the capital markets.
- Top deck leads exodus at KPMG forensic audit division, 6 partner-level execs likely to join PwCAccording to industry sources and people within the company, between 75 and 100 staff members are also expected to leave along with the par...
- With the increase in scams like Oylmpus, life is becoming tough for auditorsIf you work as an auditor for a big accounting firm, it just got that much harder to make the case that society should value your services.
- Govt mulls new laws to make global audit firms accountableThe government is considering changes in laws to make multinational audit firms responsible for professional wrongdoings by their Indian af...
- No client should exceed 10% biz of audit firm: PanelNo single corporate client or group should account for more than a tenth of the total revenues of any audit firm and its associates, a comm...
- Satyam a/cs may be restated by March 2010Satyam is set to seek a three-month extension of the deadline for restatement of accounts of the scandal-hit software firm, to March 31, 20...
- KPMG, Deloitte to submit Satyam investigation reportGlobal audit firms KPMG and Deloitte apart from investment bankers Goldman Sachs and Avendus begin their presentations at the Satyam headqu...
- Price Waterhouse admits goof-up in Satyam auditA week after Satyam founder B Ramalinga Raju’s scandalous confession, it’s the turn of his auditors. Funny side of Satyam saga! | World's b...
- US auditor also slipped on Satyam accountsIt looks like even the auditors' auditor, Public Company Accounting Oversight Board, missed the gigantic fraud in Satyam Computers. Satyam'...
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