Latest News, Updates & Breaking Headlines
File: Canada Prime Minister Mark Carney (Adrian Wyld/The Canadian Press via AP) The Canadian economy unexpectedly contracted in the first quarter of the year, marking two consecutive quarters of annualized decline and triggering debate among economists over whether the country has entered a technical recession. According to data released by Statistics Canada on Friday, May…
KPMG has introduced a new dashboard for its employees in the US to track how often they use AI. According to a report by Business Insider, the dashboard is being used in KPMG’s advisory division, which has around 10,000 employees. The tool allows workers to compare their AI usage with set targets and their peers….
KPMG is laying off hundreds of employees in the US Advisory division. The latest round of layoffs comes as part of a restructuring effort tied to shifting demand across consulting services. According to a report by The Wall Street Journal, the company has cut about 4% of its advisory workforce in the United States, affecting…
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…
