KPMG accused of 'advancing an untruthful defence' in Silentnight case

David Costley-Wood, the former head of KPMG Manchester restructuring, "advanced an untruthful defence" at a disciplinary hearing into KPMG's misconduct in the sale of Silentnight, according to the Financial Reporting Council's (FRC) Independent Disciplinary Tribunal.

Published 14 October 2021

KPMG partners vote to restrict pay to reinvest in company

Partners at KPMG have voted to receive lower pay packets than partners at rival firms, opting to reinvest more profits back into the company.

Published 4 October 2021

KPMG: Major Scottish cities could see employment rise by 5-7% in wake of COVID-19

Scottish cities including Glasgow, Edinburgh and Aberdeen could see employment rise by 5-7% as a result of increased availability of office space in the wake of COVID-19, according to a new report by KPMG.

Published 15 September 2021

SRC & KPMG: Lifting of restrictions a let down as summer retail sales stutter

The lifting of coronavirus restrictions has been dubbed a 'let down' as Scottish total retail sales in August continued to perform below pre-pandemic levels.

Published 15 September 2021

KPMG aims for a third of its employees to be working class

Big Four accountancy firm KPMG is aiming for 29% of its partners and directors to come from working class backgrounds by 2030.

Published 9 September 2021

Regulator announces formal complaint against KPMG for Carillion and Regenersis audit

The Financial Reporting Council’s (FRC) Executive Counsel has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG, a former KPMG partner and certain current and former KPMG employees.

Published 1 September 2021

KPMG: UK private equity activity soars, despite impact of COVID-19

Scottish private equity investment rose considerably in the first half of 2021, as investor confidence returned and vendors brought their assets to market, according to new analysis from KPMG.

Published 23 August 2021

KPMG: Pandemic drives half of Scots to order more takeaways

More than half (51%) of Scots are ordering in more food now than they did twelve months ago, according to a new report from KPMG.

Published 19 August 2021

SRC& KPMG: Scottish retailers still waiting for return to pre-pandemic trading

Scottish retailers are still waiting for a return to pre-pandemic trading as total retail sales in Scotland increased by 7.4% compared with July 2020 when they had decreased by 8.3% year-on-year.

Published 18 August 2021

FRC fines KPMG £13 million in Silentnight case

The Financial Reporting Council (FRC) has fined KPMG £13 million for its audits of Silentnight from August 2010 to April 2011.

Published 5 August 2021

KPMG appoints James Kergon as Scotland senior partner

KPMG has appointed James Kergon as Scotland senior partner to lead the business advisory firm nationally.

Published 5 August 2021

KPMG: Scotland reports ten high-value fraud cases in first half of 2021

Scotland has recorded ten high-value fraud cases during the first half of 2021, as logistical challenges for the country’s justice system begin to ease.

Published 4 August 2021

FRC set to fine KPMG £15m over alleged misconduct in sale of Silentnight

The Financial Reporting Council (FRC) is seeking a £15 million fine against Big Four audit firm KPMG after a draft tribunal report highlighted misconduct in its sale of Silentnight to private equity firm HIG.

Published 22 June 2021

KPMG: Scottish GDP to hit pre-pandemic levels by Q1 2022

The lifting of restrictions and a positive outlook for manufacturers and oil and gas businesses in 2021 will spark a stronger than previously projected lift-off for the Scottish economy this summer, according to the latest analysis in KPMG’s UK Economic Outlook.

Published 3 June 2021

EY staff to work from home at least two days a week in wake of pandemic

Staff at Big Four accountancy firm EY will be allowed to work from home for at least two days per week after all coronavirus restrictions are eased.

Published 25 May 2021