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The Latest Breaking News from KPMG

AAP Rolling News Bulletin June 17, 0830

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KPMG lost its clients’ trust, yet kept winning government contracts. Here’s what needs to change

This Friday, senior current and former leaders from major consulting and audit firm KPMG will face a barrage of questions at a parliamentary inquiry in Canberra.

The Conversation

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FED:'Taken for mugs': KPMG referred for corruption probe

Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.

AAP

Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success stories

KPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations. The report, which contained fabricated case studies and AI-generated inaccuracies, was flagged by GPTZero and the Financial Times. An internal investigation is underway as the firm faces scrutiny…

The Economic Times

FED:'Taken for mugs': consultancy sent to corruption body

Beleaguered consultancy firm KPMG is under further pressure after it was referred to a corruption watchdog while also facing a government probe.

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AAP Rolling News Bulletin June 16, 1230

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FED:Federal government warns consultancies on standards

A major consultancy firm has been warned the federal government expects it to uphold the highest ethical standards, as a departmental review gets underway.

AAP

'Taken for mugs': KPMG referred for corruption probe

Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.

The Economic Times

Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMG

India's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuating global fuel prices. An adaptive fuel system, varied distribution, and flex-fuel vehicles are crucial. This shift aims to enhance energy security and reduce reliance on external price…

The Economic Times

Scaling growth and risk: Why managed services are now mission-critical for India Inc

The question should no longer be about whether to adopt managed services but about how to use and leverage them to transform functions.

TechRadar

A major KPMG report on AI was found to be chock-full of...AI hallucinations

GPTZero has been prompted to issue its second report revealing how a major report is full of fake, AI-generated citations.

The Guardian - AU

KPMG loses contracts and leaders amid scandal over alleged confidential leaks. Here’s what you need to know

Consulting firm’s Australian arm shared secret client information internally in order to win lucrative audit contracts, a whistleblower has alleged

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