Britain’s Financial Reporting Council fines KPMG for Audit Failure
Britain's accounting watchdog announced a fine of 1.46 million pounds ($1.90 million) imposed on KPMG for what it described as "basic failings" in its audit of advertising firm M&C Saatchi plc (SAA.L) in 2018.
KPMG Study Shows 3 in 4 Companies Worldwide Unprepared for ESG Audits
In preparation for upcoming environmental, social, and governance (ESG) regulations set to roll out globally, a recent report by KPMG revealed that a staggering 75% of companies worldwide are not adequately prepared for external audits of their ESG data.
KPMG Collaborates with Microsoft to Provide ESG Training for Executives
KPMG, in partnership with Microsoft and prestigious global universities and institutions, has introduced the KPMG ESG Academy.
KPMG Faces Tough Questions After Giving Failed Banks a Clean Bill of Health
KPMG, the largest auditor of US banks, is facing mounting questions about the quality of its work and independence following three bank failures since March. The accounting firm was auditor to Silicon Valley Bank, First Republic, and Signature, and gave all three banks a clean bill of health as rece