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. Last month, KPMG was fined
Partners at KPMG have voted to receive lower pay packets than partners at rival firms, opting to reinvest more profits back into the company. KPMG's UK partners have agreed to reduce the minimum level of profits distributed to partners from 90% to 75%.
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. Covid-19 has triggered a shift in the way people work, interact, and shop. As businesses in so
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.
Big Four accountancy firm KPMG is aiming for 29% of its partners and directors to come from working class backgrounds by 2030. The target comes as the firm published its socio-economic background pay gaps for the first time as part of the firm’s Environmental, Social and Governance plan: Our I
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.
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. The volume of deals across Scotland in H1 rose 54.5% against H1 2020 levels and 13.3% compared to H2 2020 l
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. The research found that 75% of Scots now order in, up from 61% in August 2019 when KPMG last conducted research on the UK’s appetite for takeaways.
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.
The Financial Reporting Council (FRC) has fined KPMG £13 million for its audits of Silentnight from August 2010 to April 2011. The accountancy regulator has announced sanctions against the Big Four firm and David Costley-Wood, formerly a partner and head of KPMG Manchester Restructuring.
KPMG has appointed James Kergon as Scotland senior partner to lead the business advisory firm nationally. Mr Kergon is responsible for a team of more than 1,300 people across KPMG’s offices in Glasgow, Edinburgh and Aberdeen, with a remit to drive the firm’s growth in Scotland.
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. The latest data from KPMG’s Fraud Barometer report reveals ten cases of alleged fraud took place, valued at over £2.5 million, in
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. The accountancy regulator is also pursuing a fine of at least £500,000 against
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. Scotland’s GDP will grow
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. Yesterday, EY told UK employees that 17,000 staff would shift to a “hybrid working model” that mixed home and office working once social-di