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Tag: KPMG

Regulator hits Big Four firm

KPMG fined £4m and facing three year audit scrutiny

Big Four accountant KPMG has been fined £4 million and will face regular scrutiny by the accountancy watchdog following its botched audit of the Co-operative Bank in 2009. The FinancialRead More

Company updates

ITV advertising falls; KPMG fined over Co-op audit

ITV
ITV said fewer big sports tournaments and launch costs for its BBC join venture will hit its figures. Total advertising is expected to be down 6% over the first half,Read More

As 400 jobs are created in Glasgow

KPMG considers voluntary ‘break-up’ over audit probe

KPMG is planning to overhaul its British business to create an independent audit firm, regardless of any decision by the competition regulator to force a break-up of the Big FourRead More

Break with other big four firms

KPMG halts non-audit work amid ongoing probes

First mover: KPMG is the first of the big four to stop providing non-audit services   KPMG will stop providing non-audit work for FTSE 350 companies whose accounts it monitors,Read More

Big Four facing inquiry

Clark ponders new law after ordering audit review

Greg Clark
Greg Clark: ‘questions about competitiveness’   UK Business secretary Greg Clark has instigated a review of the audit sector following concerns over its failure to spot large scale company collapses.Read More

Postive picture for Scotland

Large failures fall by half as firms become cautious

Deveron Homes
The number of larger businesses failing in Scotland fell by more than half in the last quarter

Rebuke for accountants

KPMG targeted as Big Four told to improve audit work

The Big Four accounting firms have been told to improve their auditing work following a decline in performance.

Minutes reveal concerns

Pressure mounts on KPMG over ex-CFO’s warning

Frank Field
More questions were directed at the auditor KPMG after it was revealed a former Carillion director raised concerns about the firm just six weeks into her job.

Auditors grilled over collapse

Carillion annual reports ‘worthless’, say MPs

Carillion sign
Auditors who signed off the figures of the collapsed Carillion construction company were today told its annual reports were "worthless" .

Shocking new analysis

Half of big Scottish firms breach late payment rules

Alan Flower
Companies are failing to comply with UK law designed to tackle the late payments issue that threatens small firms.