KPMG drops embattled property firm Adler as client following allegations of wrongdoing May 18, 2022 KPMG has dropped German property firm Adler as an audit client after refusing to sign off on its accounts last month. In a letter to investors, Adler chairman Stefan Kirsten said KPMG’s decision had come as a “great surprise” to the firm, as he said the firm is now searching for a new auditor. Kirsten [...]
Experts explore how leaders can foster a sense of personal belonging in an increasingly digital workforce May 18, 2022 Psychological safety is a critical driver of retention and performance. Karam Filfilan meets the experts to learn how leaders can foster a sense of personal belonging in an increasingly digital workplace Read May’s CA magazine now When employees feel valued, able to share ideas and challenge established thinking without fear of negative consequences, they become [...]
Wages trail inflation as Brits brace for cost of living crunch to enter most damaging spell May 17, 2022 Brits’ spending power is being crimped at a historic rate, but is set to plunge even quicker as the cost of living crunch enters its most damaging period, reveals official figures published today. Regular pay adjusted for inflation dropped at the fastest pace in nearly a decade over the last quarter to March, falling 1.2 [...]
KPMG hires CryptoUK exec to boost digital assets and Web3 offerings May 17, 2022 KPMG has hired CryptoUK exec Ian Taylor to lead the Big Four accountancy firm’s crypto and digital assets team, in line with plans to strengthen its crypto offering. The firm said the former executive director of the UK’s crypto industry trade body will continue to have an advisory role at CryptoUK alongside his new position [...]
KPMG faces record £14.4m fine after auditors misled watchdog during Carillion inspection May 12, 2022 KPMG is set to be hit with a record £14.4m fine after a tribunal found five of its former staff deliberately misled the UK’s audit watchdog by forging documents during routine inspections of their work. The tribunal heard the UK’s Financial Reporting Council (FRC) had agreed to reduce KPMG’s fine from a sum of £20m, [...]
Brits hold back on buying sofas and fridges as cost of living climbs May 10, 2022 Brits have held back on buying big ticket items, such as furniture, as living costs spiral. Retail sales in the UK fell on a like-for-like basis by 1.7 per cent last month, compared to April 2021. Sales growth went into decline for the first time in 15 months as retailers face a balancing act between [...]
EV market shows signs of maturing as second hand sales double May 10, 2022 The UK electric vehicle market has shown signs of maturing as the number of second hand sales has doubled over the last year, according to a quarterly report by the Society of Motor Manufacturers and Traders (SMMT) published today. Despite a combination of Covid-induced supply chain issues – including semiconductor shortages – and the impact [...]
How to cancel ‘cancel culture’ and correct the politically correct May 8, 2022 Crypto AM columnist Dr Chris Kacher examines how a Web3 metaverse can help stabilise the world's unbalanced avenues.
KPMG ups pay for 15,800 rank-and-file staff by at least £2,000 May 6, 2022 The UK arm of Big Four accountancy firm KPMG is set to give pay rises of £2,000 each to 15,800 of its rank-and-file employees. The auditor said all of its everyday employees will see their salaries hiked by at least £2,000, as it said all staff excluding partners will receive a flat pay rise of [...]
UK automotive production outlook downgraded following April slump May 5, 2022 The automotive industry was forced to downgrade its 2022 production outlook after the number of cars built in April slumped 15.8 per cent. Data published today by the Society of Motor Manufacturers and Traders (SMMT) revealed the number of new car registrations fell to 119,167 units due to covid-induced semiconductor shortages. The decline, the data [...]