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The Latest Breaking News from KPMG

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

The Guardian - AU

Second accidental data leak in four months ‘regrettable’, finance department says

Incident comes as data shows government sector breaches mostly caused by human error, not criminal acts

The Guardian - AU

Credit Suisse and KPMG Prevail in US Lawsuit over Bank's Demise

Credit Suisse officials and KPMG have emerged victorious in a US lawsuit relating to the bank's demise, avoiding potential legal repercussions.

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Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

The Guardian - AU

Issa brothers sign new auditor after EY and KMPG resign in 2023

Spy noted with interest the reporting over the weekend that EY had resigned as auditor for Asda.

Evening Standard

Consultants reported more than 520 conflicts of interest during audit of Australian aged care

Commissioner says high number of real, potential or perceived declarations reflects a ‘robust conflict management processes’ but union says figure is ‘staggering’

The Guardian - AU

Q&A: Stacy Lewis talks Solheim Cup analytics ahead of KPMG sports documentary premiere

A new sports documentary entitled "Driven by Data: Stacy Lewis' 2023 Solheim Cup Captaincy" debuts tonight.

USA Today Sports Media Group

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Top-level City executives expect London dealmaking rebound according to KPMG survey

Big-hitters from Goldman Sachs to HSBC keep faith with City's ability to attract initial public offerings

Evening Standard

Redundancies have unintended consequences for all employees, even those who keep their jobs

Tech giants including X (then known as Twitter) and Facebook owner Meta announced thousands of job cuts globally in 2022 and 2023, as did other firms like entertainment company Disney, consultancy firm KPMG and phone company Vodafone. And let’s not forget those making redundancies as a result of company collapses…

The Conversation

LPGA players who made big moves up and down the Golfweek/Sagarin rankings in 2023

It was a year of big moves – in both directions – and the Golfweek/Sagarin Rankings tells the tale.

USA Today Sports Media Group

In demand: How Oxford Street started to get its groove back in 2023

Long known as one of Europe's busiest retail destinations, Oxford Street has traditionally been a magnet for fashion fans, tourists and office workers. But in recent years, the street that stretches for more than a mile in length has faced a wave of challenges, from the pandemic seriously denting footfall,…

Evening Standard

Ryanair’s Michael O’Leary: ‘There isn’t enough cooking oil in the world to power one day of green aviation’

The explosive airline boss with a big bonus looming sees the need for climate action – but points out ships and cars are big emitters too

The Guardian - UK

The pandemic CEO: How executives who came to power forged the blueprint for a new kind of leader

The Fortune 500 companies that appointed new CEOs in the pandemic outperformed their peers. These 5 traits help explain why.

Fortune

Leon sales jump in 2022 as auditor KPMG resigns

Leon sales jumped by more than 50% to top £80 million in 2022 as the healthy fast-food chain rebounded from a slump in demand amid pandemic store closures.

Evening Standard

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The Guardian - UK

UK regulator examining Microsoft’s OpenAI ties; two-year mortgage rates lowest since June – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK employers limit hiring permanent staff amid economic stresses

Vacancies declining as growth falters, recruiters’ body tells Bank of England

USA Today Sports Media Group

Here are 10 LPGA stat leaders from 2023, including Nelly Korda and a rookie who bombs it

Here are the LPGA stat leaders for 2023.

AAP

Customer-owned bank unveils new name: People First Bank

The bank formed by the March merger between Heritage Bank and People's Choice Credit Union will rebrand under a single name.

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The Independent UK

Consumer confidence stages end-of-year rally

GfK’s long-running Consumer Confidence Index rose by six points in November, although it still languishes firmly at minus 24.

The Guardian - AU

Report critical of big four consultancies was censored by Australian government agency, academic claims

Peter Carey tells inquiry he was asked by Accounting Standards Board to omit details because partners from PwC, KPMG, Deloitte and EY sat on the board

Reason

Florida's Bloated Prison System Will Cost Billions To Maintain

Florida's mandatory minimum sentences created a large, elderly prison population. Now the bill is coming due.

The Guardian - AU

Firms that donate to political parties twice as likely to win government contracts, analysis finds

Transparency group says donating companies should be banned from government contracts but constitutional expert disagrees

The Guardian - AU

Consultancy firms paid $40m to review safety of aged care homes did not meet government standards

KPMG was among the four firms to have had reports rejected, a Senate inquiry heard, putting pressure on abandoning future outsourcing altogether

The Guardian - AU

KPMG lodges complaint after AI-generated material was used to implicate them in non-existent scandals

Senate inquiry into Australian consultancy industry concedes its integrity has been undermined by reliance on case studies generated by Google Bard AI tool

The Guardian - AU

Australian academics apologise for false AI-generated allegations against big four consultancy firms

Case studies created by Google Bard AI as part of submission to parliamentary inquiry proven to be factually incorrect

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