Tag: KPMG
Climate change ‘is biggest risk factor for businesses’ say CEOs
Survey by KPMG highlights chief executives’ growing concern over the impact of climate change, with 76% claiming their organisations’ future growth depends on their ability to navigate the shift to a low-carbon economy.
Audit committees face public reprimand as part of market reforms
The Competition and Markets Authority says regulators should punish audit committees, impose joint audits and force an “operational separation” of auditors from other parts of their firms .
UK to replace governance watchdog with new regulator
The Financial Reporting Council is to come to an end as a government report recommends replacing it with a new body—the Audit, Reporting and Governance Authority.
Audit woes and reform wrangles
A fierce debate is underway over the future of audit. Could it be resolved with an independent body appointing company auditors?
KPMG conflict of interest with Ted Baker results in £3m FRC fine
KPMG conflict of interest while undertaking Ted Baker audit sees it hit with a £3m fine, reduced to £2.1m after settling.
IoD calls for independent commission to take governance from FRC
The Institute of Directors has called for the supervision of UK governance to be removed from the Financial Reporting Council and placed with a new independent commission.
Big Four accountants accused of EU tax policy ‘conflict’
The Big Four accountancy firms are in conflict with EU tax policymaking and should be removed from the process, says European lobby group.
Competition regulator asks Big Four to look for ways to change audit market
Reports suggest that the Competition and Markets Authority has already met with Big Four leaders to discuss audit market change.
KPMG under further scrutiny over audit of booze business
Big Four audit firm faces yet another investigation of its work, this time over the collapse of wine business Conviviality.
KPMG chief concedes that public trust in audit is waning
KPMG’s UK head Bill Michael suggests that the audit market needs to change if public trust is to be maintained.