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KPMG SCANDAL
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...
- Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...
- 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...
- EU investigating German watchdog over Wirecard collapseWirecard's implosion on Thursday, owing creditors almost $4 billion, is shaping up to be one of Germany's biggest corporate scandals, and r...
- 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, ...
- 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...
- Bharti Walmart ropes in former Morgan Stanley executive Ritika Ratti to head anti-graft cell in USRitika Ratti, a former Morgan Stanley executive, will report to Walmart’s global head of anti-graft department in Bentonville, US.
- Walmart Stores to snap ties with companies involved in corrupt practicesWalmart Stores plans to snap ties with companies that supply products to its stores if they are involved in any kind of corrupt practices.
- 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.
- Realty & telecom most corruption-prone sectors in India: KPMGAccording to KPMG survey, development sectors such as education and poverty alleviation came third with 13% respondents terming it as the m...
- 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...
- Centre wants FIs to keep watch on cos, guard small investorsTHE government wants institutional investors such as banks, pension funds and infrastructure funds to play a more active role to safeguard ...
- 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...
- 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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