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The Latest Breaking News from KPMG

Three charts show boutique firms are telling agencies how to spend money

Agencies are now getting more advice on how to outsource work.

The Canberra Times · 22h ago

Exclusive: KPMG reorgs AI division to create new incubator — with a new executive role reporting directly to the CEO

"AI is awesome," said Todd Lohr, the AI chief reporting directly to CEO Tim Walsh, "but it's also an awesome responsibility that everyone needs to own."

Fortune · Sep 22

Fears grow of tax rises on London as Chancellor John Healey hit with £3.5bn public finances Budget blow

Public sector borrowing was £18.3 billion in August 2026, above City forecasts

Evening Standard · Sep 22

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'A ban that can be worked around': KPMG gets $22m boost from one department

Staff have approved at least four major KPMG contract variations.

The Canberra Times · Sep 21

Healey can’t let memories of Truss mini-Budget stop him from taking bold action UK needs, Jeremy Hunt says

Sir Jeremy Hunt told The Independent that Andy Burnham should not fall into the trap of simply ‘doing things that get through the moment’, warning that tinkering around the edges would be a ‘missed opportunity’ for Britain

The Independent UK · Sep 21

Can India build its own Big Four? The battle moves to the rulebook

India is moving to reshape its accounting sector as ICAI prepares Chartered Accountants Act changes aimed at enabling larger domestic firms. Proposed reforms could ease mergers, allow capital infusion, expand multidisciplinary professional services and reshape networking rules, while government procurement changes may widen opportunities. The push seeks globally competitive Indian…

The Economic Times · Sep 21

Chancellor given Budget warning as Iran war borrowing costs slash headroom by billions

A new report has indicated that John Healey will have to seriously consider tax rises or spending cuts

The Independent UK · Sep 21

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Chancellor’s headroom ‘to halve because of Iran war inflation and weak growth’

KPMG says John Healey could be left with headroom of about £12 billion in the autumn, down from £23.6 billion in the spring.

Evening Standard · Sep 21

Top universities should be able to charge more, says head of Russell Group

Raising fees would mark the biggest structural shift for British education finance in more than a decade

The Independent UK · Sep 18

'I'm Highly Educated!': KPMG Employee Put on Leave After Calling Jewish Man a 'Zionist Pig' in Viral Video

A KPMG US manager was placed on administrative leave after footage showed her calling a Jewish man a 'Zionist pig' at a Manhattan gym; Bill Ackman shared it.

International Business Times UK · Sep 18

AT&T CFO Pascal Desroches reflects on a nearly 40-year finance career before retiring

Desroches shares the lessons behind AT&T's $150 billion network bet, a hard dividend call, and why he says he never hesitated.

Fortune · Sep 18

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

“These are families that are really barely able to make ends meet,” one policy expert said. “And yet they are working, and they are working a lot.”

Fortune · Sep 13

Coforge says independent director resigns over internal tensions

DK Singh’s resignation follows the exit of former chairman Om Prakash Bhatt on Tuesday. Singh and Bhatt, under Bhatt's instructions, had suppressed certain material information from the company's board evaluation report. This was questioned by the firm's internal auditor KPMG, as ET reported exclusively on Thursday.

The Economic Times · Sep 11

KPMG federal contract freeze extended as review deadline shifts

Federal government extends its KPMG procurement ban.

The Canberra Times · Sep 11

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Ballotpedia · Sep 9

16 Republican attorneys general question Big Four climate commitments

On Aug. 24, a coalition of 16 Republican state attorneys general sent letters to Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC) — collectively known as the Big Four accounting firms — raising concerns that the firms' climate commitments may conflict with professional accounting standards and state consumer protection…

The Economic Times · Sep 5

Productivity to drive 35% of India's future manufacturing output: KPMG

Higher workforce productivity could drive nearly 35% of India’s future manufacturing output, according to KPMG. Its analysis found productivity-leading manufacturers recorded stronger profit and market-cap growth, but more than 70% of large companies may need significant changes to achieve the required gains.

The Economic Times · Sep 4

India’s manufacturing sector needs 13.1% growth to hit $7.5 trillion by 2047: Report

India's manufacturing sector requires a 13.1 percent annual growth rate to reach USD 7.5 trillion by 2047. This ambitious target is crucial for India's goal of becoming a USD 30 trillion economy. Workforce productivity is identified as the most underleveraged growth lever for the nation. Many companies need operational changes…

The Guardian - UK · Sep 3

Higher education regulator apologises for imposing £585,000 fine on university

Office for Students made decision to punish University of Sussex last year after claiming it breached free speech regulations

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International Business Times UK · Sep 3

EY Is Betting $100M on Human Workers, Giving Them Up to $25,000 Bonuses for Skills AI Can't Replicate

Ernst & Young US is investing $100M in a rewards program to foster future skills and innovation amid AI's impact on accounting and services. It empowers employees to excel and drive change.

The Economic Times · Aug 29

Golf: Pranavi Urs lone Indian to make cut in Irish Open, lies tied-8th

Indian golfer Pranavi Urs secured a spot in the weekend rounds at the KPMG Women's Irish Open. She is currently tied for eighth place after a strong second-round performance. Other Indian golfers, including Diksha Dagar and Tvesa Malik, did not make the cut. South Africa's Casandra Alexander continues to lead…

AAP · Aug 25

Tough personal issues cut short Greens senator's career

First-term senator for South Australia Barbara Pocock will not run for a second term in 2028 as her partner battles a brain cancer diagnosis.

The Economic Times · Aug 24

KPMG Australia was once considering 1,000 job cuts; firm now confirms nearly 400 layoffs

In a turbulent move, KPMG Australia is set to lay off around 400 employees, including high-ranking partners. This decision comes on the heels of a scandal surrounding the misuse of sensitive client information. Coupled with diminished demand and slashed government budgets, the company grapples with declining revenues, particularly in its…

The Economic Times · Aug 24

Scandal-hit KPMG Australia to cut nearly 400 jobs, warns of difficult market

KPMG Australia plans to cut about 5% of its workforce, affecting 27 partners and around 360 employees, mainly in consulting and business services. The firm reported a 1% decline in annual revenue to A$2.257 billion as government consulting demand weakened, while warning subdued economic growth could persist until 2028.

AAP · Aug 24

Scandal-hit KPMG rakes in billions, slashes jobs

KPMG, which has been embroiled in an audit and whistleblower scandal, will cut more than 350 jobs after a fall in revenue in its main consultancy business.

Euronews · Aug 22

Central Asia and Caucasus companies adopt AI at twice the global rate

Companies in the region are rapidly scaling AI across business operations, driven by rapid experimentation and digital readiness, but lag in formal AI strategy and governance.

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