KPMG | Global news | Remarkable

An overview of KPMG global news:

Australia

Senate publishes false KPMG and Deloitte claims invented by AI The senate inquiry into the integrity of the Australian consulting industry has taken an integrity hit of its own, with published submissions proposing reform having relied on false claims conjured b
03 November 2023
United Kingdom

KPMG hit with record fine for Carillion role Big Four firm KPMG has become the latest member of the quartet to break an unwanted record: recipient for the largest fine from the Financial Reporting Council.
16 October 2023
Australia

KPMG staff member suspected of spiking drinks in New Zealand A serial drink-spiker is suspected to be an employee of KPMG’s New Zealand branch, with the professional services firm reporting two incidents to police and launching an internal investigation.
06 September 2023
Australia

KPMG hit with big fine from US watchdog for exam cheating The US audit watchdog has stung KPMG Australia to the tune of $615,000, for widespread and systematic cheating on internal audit integrity exams dating back to at least 2016.
16 September 2021
United Kingdom

KPMG fined £13 million for Silentnight misconduct KPMG has been severely reprimanded by an independent tribunal for misconduct, after a long-running case relating to the sale of the bedmaker Silentnight.
09 August 2021
Malaysia

KPMG Malaysia partners hit with US$5.6 billion government suit Dozens of current and former partners of KPMG Malaysia have been hit with a mammoth legal suit in relation to the 1MDB affair, with the government seeking more than $5.6 billion in damages.
15 July 2021
United Kingdom

KPMG Australia fires staff for using expenses to pay strippers The Australian wing of global advisory giant KPMG has parted ways with several of its Melbourne staff, after it emerged they had allegedly expensed their “boys’ night out” to the firm.
07 May 2021
United Kingdom

Senior KPMG Executive scrutinised amid M&C Saatchi investigation One of KPMG’s most senior executives faces scrutiny from the UK audit regulator over a series of errors in the accounts of M&C Saatchi.
20 April 2021
United Kingdom

KPMG UK Chair faces investigation following controversial remarks Big Four firm KPMG has seen its UK arm plunge into disarray, after comments of its Chair Bill Michael suggested that he did not believe in the firm’s efforts to address unconscious bias.
12 February 2021
Australia

KPMG boss under fire for telling consultants to 'stop moaning' Bill Michael, the Australian who is leading KPMG in the UK, has come under fire in Europe for telling consultants to ‘stop moaning’ about life during Covid-19.
11 February 2021
United Kingdom

KPMG fires trainee for gross misconduct The UK wing of KPMG has parted ways with audit trainee Zhihui Lu, following a series of strange altercations with the professional services giant’s management.
03 July 2020
United Kingdom

KPMG distances itself from Prince Andrew charity Big Four firm KPMG has sought to distance itself from a networking event attached to Prince Andrew’s Pitch@Palace charity.
25 November 2019
United Kingdom

KPMG financial services consulting suffers further resignations KPMG’s financial services consulting line has been left in disarray, after two senior consultants announced they were quitting the Big Four firm following the ousting of Tim Howarth.
17 September 2019
United Kingdom

KPMG’s Head of Deal Advisory steps down amid 'bullying' storm KPMG’s UK Head of Deal Advisory has stepped down to take a leave of absence “in the wider interest of the firm”, following complaints regarding the way he spoke to colleagues.
03 July 2019
United Kingdom

KPMG reprimanded as Big Four break-up talk grows Big Four firm KPMG has been stung with a seven-figure fine by the UK’s accounting watchdog, following a lengthy probe into its audits of Syndicate 218.
08 May 2019
United Kingdom

Deloitte, KPMG and PwC reveal UK Partners fired for inappropriate behaviour After the #MeToo movement brought conversations on sexual misconduct to the forefront of the entertainment industry, all other aspects of business swiftly followed.
14 December 2018
United Kingdom

Parliamentary report prompts Big Four to prepare for forced break-up The Big Four professional services firms are preparing for state intervention forcing them to separate their auditing and consulting wings in the UK, after a damning parliamentary report further sugg
22 May 2018
United Kingdom

Big Four accused of 'feasting' on Carillion as combined £72 million fee revealed Executives from the Big Four of PwC, EY, KPMG and Deloitte have come under pressure from MPs to justify their roles in collapsed outsourcer Carillion.
12 March 2018
United Kingdom

Embattled KPMG executive caught up in sex scandal Another scandal has rocked Netherlands-based KPMG’s Dutch sister firm KPMG Meijburg. An executive has allegedly been involved in a sex scandal.
08 April 2016
United Kingdom

KPMG announces redundancy program via voice mail There has been a lot of fuss in the United Kingdom about a redundancy program of Big Four firm KPMG.
20 March 2012

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