Latest News, Updates & Breaking Headlines
KPMG has announced to cut about 10% of its US audit partners after earlier efforts to encourage voluntary retirements did not deliver the expected results, according to a Financial Times report. The decision was shared during an internal meeting, where employees were told that the size of the audit partnership had grown larger than needed…
KPMG’s UK arm has told nearly 600 employees in its audit business that their roles are at risk, as the Big Four firm moves to cut costs in a tougher market.The proposed shake-up is expected to lead to up to 440 exits if the redundancy process goes ahead.The affected staff have been informed that they…
The AIFF Executive Committee has referred three long-term commercial rights bids for club competitions to KPMG for audit. This decision follows ISL clubs’ request to avoid a binding decision on the 15+5 rights cycle. Clubs will also meet with bidders to address queries, ensuring transparency before the AIFF General Body considers the matter. New Delhi:…
A KPMG Australia partner faced a $7,000 fine for using AI to cheat on an internal AI training course. This incident highlights a broader issue, with over two dozen staff caught using AI for exams. The firm is strengthening its AI detection, as similar cheating scandals plague the accounting industry, prompting concerns about governance and…
India’s IPO market gains momentum, boosts PE exits: KPMG report India’s IPO market has shown strong momentum in 2025, emerging as a key exit route for private equity (PE) investors, according to KPMG’s Pulse of Private Equity Q3’25 report.The report noted that India’s stock markets have performed exceptionally well so far in 2025, creating a…
