Car sales will mostly be online by 2030 in a blow to vehicle dealerships November 30, 2021 UK motoring executives think cars will be mostly sold online by 2030, with electric vehicles (EVs) making between 70 and 100 per cent of new vehicle sales in western Europe. Data from KPMG’s automotive executive survey has revealed that 59 per cent of 1118 executives interviewed believe online sales will become the norm by the [...]
KPMG bets on growth in life sciences as it sets up new regulatory team in London November 30, 2021 KPMG UK has set up a new regulatory team in its life sciences practice amid increasing demand for consulting services in the area. In the face of increasing regulatory requirements and the attention drawn by the pandemic to industry practices, life sciences companies are increasingly turning to consultants. “[This is a time] where life sciences [...]
KPMG backs Bina Mehta as chair in term extension November 24, 2021 Partners at KPMG UK have voted to extend Bina Mehta's term as chair of the Big Four firm until 2024.
KPMG eyes larger piece of UK’s asset management pie as it lures EY and UBS veterans November 8, 2021 Accountancy giant KPMG is ramping up its efforts in the UK’s wealth and asset management space as the firm has appointed a range of new partners. KPMG said it has appointed Dean Brown as a partner and Shelley Doorey-Williams as an Associate Partner in its market leading Wealth and Asset Management practice. Brown will support [...]
KPMG wants nearly a third of staff to be from working class backgrounds September 9, 2021 In a first for a large business in Britain, KPMG has set a target for 29 per cent of its UK partners and directors to come from a working class background by 2030, the company said in an announcement today. Currently less than a quarter of KPMG’s partners, and a fifth of its directors, are [...]
KPMG boss intervenes in dispute with FRC over poor auditing standards September 7, 2021 The global head of KPMG has written to the UK’s Financial Reporting Council (FRC) over the its threats to publish further criticism of the auditor’s repeated failings, the Financial Times first reported. Bill Thomas, KPMG’s global chair and chief executive, entered the increasingly public dispute between the big four auditor and the FRC, after executives [...]
KPMG UK audit chair to join board of BHP September 2, 2021 KPMG’s UK chair of audit, Michelle Hinchliffe, will join the board of BHP as a non-executive director next year, the mining company has announced today. Hinchliffe will retire from KPMG UK in February after 30 years in the accounting giant’s financial services division. She will also become a member of BHP’s risk and audit committee [...]
KPMG and ex-partner accused of misconduct in FRC’s investigation into Carillion audit September 1, 2021 KPMG, ex-partner Peter Meehan and current and former staff at the Big Four accountant are alleged to provided false and misleading information to a City watchdog investigating its audit of collapsed construction giant Carillion. The allegations are part of a Formal Complaint issued this morning by the Financial Reporting Council (FRC) in connection with the [...]
KPMG encourages whistleblowing to avoid media leaks after CEO’s exit August 26, 2021 KPMG are reportedly urging staff to use its whistleblowing system to report concerns instead of the media, after a leaked meeting recording led to its former head Bill Michael stepping down, first reported by Financial News. The ex KPMG boss, who left the firm in February, made comments around “unconscious bias” during an online town [...]
KPMG fined £13m over Silentnight sale misconduct August 5, 2021 The accounting firm has been fined and ordered to pay over £2.75m in costs, for serious misconduct in its role in the 2011 sale of bed retailer Silentnight to a private equity group. An independent tribunal found that KPMG and one of its partners did not comply with the UK professional accounting principles of objectivity [...]