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The Latest Breaking News from KPMG

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.

International Business Times UK · Sep 3

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…

The Economic Times · Aug 29

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.

AAP · Aug 25

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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.

The Economic Times · 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.

AAP · Aug 24

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.

Euronews · Aug 22

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New Jersey KPMG employee chooses ‘soft retirement’ after severe illness left her battling brain fog and burnout; now works 20 hours a week with key benefits

A KPMG employee in New Jersey Tina Bonnano turned to “soft retirement” after serious illness, brain fog and burnout made her 50- to 60-hour workweeks unsustainable. She now works about 20 hours a week while keeping key employment benefits, giving her more time to focus on hobbies, writing and her…

The Economic Times · Aug 20

Tether has the gold. Now, CEO Paolo Ardoino is making a bold push into AI

A KPMG audit appears to establish the legitimacy of Tether's reserves. Meanwhile, the company's ambitions are scaling far beyond crypto.

Fortune · Aug 17

Five key takeaways from parliamentary hearings into client leaks at KPMG

Partners say they ‘don’t recall’ leaked papers and are accused by lawyers of being misleading as more whistleblowers come forward

The Guardian - AU · Aug 15

'I am so sorry': audit investigator's belated apology

An investigator has apologised to a Senate inquiry for failing to properly probe claims of misconduct at one of the biggest multinational auditors.

AAP · Aug 14

Bet365 apologises after children wear gambling logos in charity race – as it happened

This blog has now closed

The Guardian - AU · Aug 13

'Naive, embarrassing': KPMG chair-elect's email apology

The chairman-to-be of a major consultancy firm has issued a mea culpa for casting doubt on whistleblower claims detailed by a federal senator.

AAP · Aug 10

CRA Lawsuit Settlement: Who Can Claim Up to $5,000 and How to Check Eligibility

Thousands of Canadians affected by 2020 government account cyberattacks can now apply for up to $5,000 compensation under an $8.7 million settlement.

International Business Times UK · Aug 7

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The Economic Times · Aug 7

Canada Class Action Lawsuit: $8.7 million settlement offers eligible Canadians up to $5,000 - Check who qualifies and how to claim compensation

A court in Canada has given the green light for an $8.7 million settlement arising from a privacy breach that occurred in 2020. Canadians whose Government of Canada accounts were compromised can file for compensation related to the unauthorized access and subsequent fraud resolution efforts. Valid claims for expenses might…

The Economic Times · Aug 6

AI adoption in finance hits 76%, governance and AI-centric operating models key to future edge: KPMG

Artificial intelligence (AI) has reached an inflection point in finance, with 76% of organisations already using it in financial planning. However, while adoption is outpacing organisations' ability to scale AI across the enterprise, the next competitive edge will depend on building AI-centric finance operating models and robust governance frameworks, as…

Fortune · Aug 5

Career growth is actually a higher priority for Gen Z than work-life balance, survey says—with 93% of interns wanting to become executives

Career growth is a higher priority for Gen Z than work-life balance, workplace culture, and even salary, according to a KPMG survey of interns.

The Guardian - AU · Aug 3

Montessori learning is being shut down at Leah’s school – is a push towards ‘explicit instruction’ to blame?

Critics say the one size-fits-all approach doesn’t work for all students and there are questions about the body that has been pushing it

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The Canberra Times · Aug 2

The $300k logo, the $84k pool contract, and KPMG's review tab

A look at little known taxpayer spending you may have missed.

International Business Times UK · Jul 31

One Tax Return Mistake Could Trigger Hefty HMRC Fines Under New Rules: Millions at Risk

HMRC's draft legislation introduces a 'duty to correct' tax errors, potentially treating uncorrected mistakes as deliberate, leading to steeper penalties. The aim is to improve compliance across taxes.

Golf Monthly · Jul 30

The Best Women Golfers Yet To Win A Major

Some hugely talented female golfers have yet to get over the line in one of the five Majors. Here are 15 still looking to put that right

Euronews · Jul 30

Illicit tobacco: Successful raids are not enough to put an end to this criminal trade

Successful raids make the headlines. However, they also highlight just how much illegal tobacco can still be seized. Giovanni Kessler, former Director-General of the European Anti-Fraud Office (OLAF), is therefore calling for far-reaching measures in an opinion piece for Euronews.

The Economic Times · Jul 30

KPMG Australia says no decision made on workforce after media report of 1,000 job cuts

KPMG Australia denies making job cut decisions following media reports. The firm is reviewing its operating model and cost base for future challenges. This comes after a significant audit misconduct scandal involving confidential client data. Several high-level executives have already departed the accounting firm. KPMG faces multiple government and professional…

The Economic Times · Jul 29

CBIZ Sold for $5 Billion: Grant Thornton mega deal creates fifth-largest US accounting services firm

Grant Thornton Advisors is acquiring CBIZ for five billion dollars. This significant transaction will create the nation's fifth-largest professional services provider. The deal offers CBIZ shareholders a substantial premium of seventeen point eight percent. Grant Thornton's expanded operations will span over twenty countries and territories. The combined entity expects to…

The Economic Times · Jul 27

KPMG faces big setback in Australia amid allegations of mishandling confidential data

KPMG Australia has stopped bidding for new Victorian government contracts as an investigation into the alleged misuse of confidential client information deepens. The audit and consulting firm is also withdrawing from ongoing tenders, while facing possible job cuts, lower partner pay and wider restrictions on public sector work across Australia.

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