Tag: KPMG
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.
Deloitte investigated over SIG audit
The FRC is to investigate Deloitte’s audit of buildings and materials firm SIG, conducted in 2015 and 2016.
Watchdog spotlights KPMG for ‘deterioration’ in audit quality
The Financial Reporting Council has highlighted a worsening in audit quality at KPMG as reports that audit standards across the Big Four firms has fallen.
KPMG fined over audit work at Quindell
KPMG has been fined more than £3m and reprimanded for its audit work at insurance outsourcer Quindell.
European Court of Justice provides guidance on merger ‘gun-jumping’
The European Court of Justice has published guidance on “gun-jumping”, a failure by merging parties to comply with the “standstill obligation”, which requires companies to seek clearance by a competition authority before implementing a merger.
Preparation key for growing trend of corporate venture capital deals
Companies increasingly make their own venture capital deals to win strategic advantage. But investors need to prepare properly before they begin the deal-making.
Big Four auditors ‘prepared’ if regulators push for split
The Big Four audit firms have prepared contingency plans for being broken up, if regulators insist on making big interventions in the market.
Aviva offers ‘goodwill payment’ to investors over preference shares
Following a row over the planned cancellation of preference shares, Aviva offers a ‘goodwill payment’ to investors who sold their shares.
‘Root and branch’ review of FRC launched by government
Business secretary Greg Clark has launched an independent review of the role of accounting watchdog Financial Reporting Council, over concerns that it “lacks teeth”.
Financial Reporting Council to face ‘competency inquiry’ by government
The Financial Reporting Council faces a government-backed independent inquiry into its operations, as revealed during the Carillion investigation.