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The Latest Breaking News from KPMG

First five businesses announced for KPMG and Nexus Leeds incubator space

KPMG and Nexus say they are open to interest from other businesses that could benefit from the space

Birmingham Post

Star's 'interim' fix an error of judgment

Star staff made an error of judgment implementing an arrangement in reaction to a Chinese government crackdown on gambling, the company's lawyer says.

AAP

Retail experts urge action by ministers over ‘meagre’ sales increases

Monthly figures for May 2022 show a slight increase in sales across retail but experts warn this is more to do with rising prices than rising volumes.

The Independent UK

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Scottish retail sales record 'meagre' growth as volumes fall

Wider economic challenges translate to the high street, as customers cut back on spending in May

Insider UK

UK employers take on workers at slower rate after fall in applicants

Shortage of candidates since January means thousands of vacancies unfilled

The Guardian - UK

KPMG name new senior partner in Wales

It comes as Simon Jones stands down after 15-years in the senior partner role at its Cardiff office

Birmingham Post

Retail sales slip again as inflation weighs on consumer spending

Total retail sales decreased by 1.1% in May, according to the latest monthly BRC-KPMG retail sales monitor.

The Independent UK

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Inside EY’s break-up plan: why it could radically reshape the Big Four

Splitting the audit and advisory businesses faces significant hurdles but other firms could follow

Financial Times

Forensic audit report into council-owned development company set to be published after U-turn

After previously insisting that a probe into Advance Northumberland would stay private, a council chief now says that 'whatever we can publish will be published as soon as possible'

Chronicle Live

KPMG fined £3.4m over ‘serious failures’ in Rolls-Royce audit

Regulator says accountants’ audit of jet engine maker failed to report payments to Indian intermediaries

The Guardian - UK

KPMG staff to undergo mandatory unconscious bias training

Failure to complete the training may result in performance scrutiny

The Independent UK

Robin Abcarian: Patriarchy strikes again: California can't force companies to put women on boards

The patriarchy was not about to take this one sitting down.

Los Angeles Times

KPMG fined £3.37m over Rolls-Royce audit failures

The original fine was reduced after the accountancy firm made admissions relating to the case

Birmingham Post

Outgoing Star Casino chairman admits it was a 'mistake' to appoint executives who were not qualified for jobs

John O'Neill tells a public inquiry several executives at Sydney's Star Casino were promoted to roles "beyond their competencies".

ABC News

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Birmingham Post

Value of venture capital deals falls in Bristol at start of 2022

Year-on-year deal volume remained the same but there was a drop in the aggregate value of the deals, according to KPMG

ABC News

Wage debates and inflation are just the tip of what business want the new government to tackle

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

Birmingham Post

Speedy Hire 'frustrated and disappointed' over KPMG delaying full-year results at the 'last minute'

The company's results will now be published on Monday, May 30

Insider UK

Retail sector faces ‘bumpy road’ amid cost-of-living crisis

Recovery in high street shopping tempered by rising pressures on consumer spending

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news in one place.

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Benzinga

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

The Guardian - UK

KPMG to be fined £14m for forging documents over Carillion audit

Regulator confirms settlement after former staff falsified material over audits of Carillion and Regenesis

Evening Standard

Shortage of job seekers stokes London recruitment crisis

KPMG and REC report only shows glimmer of hope for hiring businesses as wage demands sharpen

Birmingham Post

Companies offering higher starting salaries in bid to attract more staff

Businesses across the UK are struggling to recruit workers into temporary and permanent jobs, a new report has found

Nottingham Post

Nottingham City Council: How and why did the auditors fail to identify £40m misspend?

'It looks likely these transactions may never have been selected for testing'

Evening Standard

Fears more High Street stores could collapse as spending falls

The BRC and KPMG warned that retailer will struggle to absorb rising costs

Wales Online

Shoppers cut back on spending due to surge in cost of living

Sharp downturn in consumer confidence prompts consumers to 'put brakes' on shopping and eating out

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