KPMG | Global news | Crisis

An overview of KPMG global news:

United Kingdom

UK risks squandering early net zero leadership While various sources suggest the country is lagging behind in its transition to a zero carbon economy, a new study contends that the UK may actually be half-way to net zero.
22 November 2023
United Kingdom

Leaders must collaborate in face of global crises Dog-eat-dog business will no-longer cut the mustard when it comes to the private sector addressing systemic crises such as climate change.
09 October 2023
United States

KPMG defends clean audits of SVB and Signature Bank KPMG US defended its clean audit opinions of Silicon Valley Bank and Signature Bank, both of which collapsed within two weeks of KPMG signing off on their financials.
17 March 2023
Australia

KPMG slashes 200 jobs in management consulting business The Australian arm of KPMG expects to axe around 200 jobs in the coming months, following a slowdown in the firm’s management consulting business.
20 February 2023
United Kingdom

CEOs reduce ESG and staff spending to prepare for recession A global CEO survey has shown most businesses anticipate recession in the coming 12 months.
25 October 2022
Europe

Global consulting firms respond to Russia’s invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
United Kingdom

Professional services firms under pressure to cut Russia ties Under pressure to sever ties with Russia, several of the world’s largest professional services firms have closed their Russian offices.
07 March 2022
United Kingdom

Europe's top football leagues lose £4.5 billion due to pandemic The impact of Covid-19 on the global economy means Europe’s top football leagues lost £4.5 billion in revenues over 2020.
15 January 2021
Australia

Australia's insurance industry saw profits halve in 2020 Bushfires, storms, floods and a global pandemic have combined to give Australia’s insurance sector one of its worst years on record. KPMG presents the year’s key figures in a new report.
13 January 2021
Saudi Arabia

HR leaders in Saudi Arabia are shifting focus to post-Covid-19 era Almost half of human resource functions in Saudi Arabia have shifted their lens from short-term Covid-19 firefighting to more strategic HR topics, focused on preparing their organisation and people f
04 January 2021
Australia

Covid-19 is reshaping insurance and wealth offerings Covid-19 is likely to leave an enduring legacy in the financial and wealth management sectors, as consumer demands become ever more complex. This is according to KPMG analysis.
08 November 2020
United States

KPMG slashes 1,400 jobs in United States KPMG US announced in late September that it is laying off 1,400 – or approximately 4% – of its 35,000-person workforce.
21 October 2020
Saudi Arabia

How banks and insurers in Saudi Arabia are faring during Covid While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have proven resilient this year.
07 October 2020
United States

Companies spent $15 billion extra on technology per week during pandemic Companies spent approximately $15 billion extra per week on technology, according to the 2020 Harvey Nash/KPMG CIO Survey.
29 September 2020
United States

US CEOs remain confident despite pandemic challenges US chief executive officers remain fairly optimistic despite the wide-ranging negative impacts of the global pandemic, according to KPMG’s annual CEO Outlook survey.
10 September 2020
Australia

Some staff feel Deloitte and KPMG are putting profits over welfare The revenues of the Big Four in Australia have boomed in recent years, with the latest full financial year having seen aggregate revenues of the quartet surpass the $9 billion mark for the first time
07 September 2020
United Kingdom

Consultants hired to check Covid-19 rescue loans for fraud The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
Europe

Covid-19 has made people & talent the top risk, say CEOs The confidence of CEOs in growth has plummeted globally as a result of the Covid-19 pandemic.
31 August 2020
Australia

Why rapid strategic planning is vital in a Covid-19 world Strategic planning is a vital activity for any business. Not having a clear understanding of the opportunities and challenges that lie ahead is akin to driving at night with your headlights off.
27 August 2020
United Kingdom

16 consulting firms awarded government coronavirus contracts The UK Government has once again come under fire for its spending on private consulting contractors, after it emerged the industry had received contracts worth £56 million to help with the national r
24 August 2020
United States

A new global consumer is emerging, finds KPMG research The post-Covid-19 consumer is financially cautious, tech savvy and more conscious about consumption patterns, according to KPMG. These trends might well be here to stay across the world.
03 August 2020
Saudi Arabia

KPMG lauds the Saudi government's agile Covid-19 response Rapid and decisive measures taken by the Saudi government have helped the Kingdom limit Covid-19’s impact on its economy.
28 July 2020
United Kingdom

KPMG to shed up to 200 UK jobs amid dented revenues Big Four professional services firm KPMG is reportedly mooting the axe for as many as 200 of its UK employees.
28 July 2020
Lebanon

Lebanon calls in trio of leading management consulting firms The Lebanese government has hired a trio of leading management consulting firms to audit the country’s embattled central bank.
22 July 2020
United Kingdom

KPMG, HFW and Augusta Ventures to support Covid-19 legal disputes As many companies struggle to overcome problems caused by the coronavirus pandemic, HFW, KPMG and Augusta Ventures have announced a non-exclusive project to support them.
08 July 2020
South Africa

KPMG CEO calls for strengthening of South Africa's CA pipeline KPMG South Africa CEO Ignatius Sehoole has called for more vigilance than ever in South Africa’s accounting sector, as the Covid-19 crisis poses a unique challenge to the business environment.
01 July 2020
India

How PwC, Deloitte, EY and KPMG are cutting employee costs As the consulting sector looks to navigate the challenging circumstances, the Big Four in India are making a number of adjustments to their employee costs in order to weather the storm.
18 June 2020
Europe

Only 'minor risk' of Covid-19 transmission in football match While the matter remains controversial, new research has shown that playing football is actually much less of a risk for transmitting Covid-19 than previously thought.
17 June 2020
India

Tough times are ahead for India's real estate sector The next one or two years are going to be challenging for India’s real estate sector, according to Chintan Patel, partner at KPMG India and Lead for the firm’s Building, Construction and Real Estate
05 June 2020
Australia

Corporate fraud on the rise as ASX 200's bend focus to covid-19 Corporate Australia is more vulnerable than ever to fraud under Covid-19 conditions, according to a study, with some cases already emerging of corrupt practices that are taking advantage of the circu
02 June 2020
Australia

How work and the workforce will change for good post-corona The world will be a different place as it emerges from the Covid-19 crisis. Two of the most impacted areas will be the nature of work and the composition of the workforce.
18 May 2020
United Kingdom

Coronavirus slashes billions of value of football players The current coronavirus pandemic is widely expected to see the era of massive inflation of football transfer fees abruptly come to an end.
15 May 2020

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