KPMG

KPMG LLP was fined £1.25 million ($1.56 million) by the UK audit watchdog over errors it made in its work on Luceco Plc’s books in 2016. The audit errors were compounded by the fact that KPMG and Smith had been aware of failures…

KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley & Co. in an investor lawsuit based on alleged misstatements leading to the bank’s…

The Supreme Court has ruled that no service tax would be levied on corporate guarantees provided by a parent company to its subsidiaries as there is no consideration involved, resolving a long-standing service tax conflict. The decision was…

India’s monthly goods and services tax (GST) collections hit the second highest ever in March, rising 13% from a year earlier to `1.6 lakh crore, suggesting economic strength despite several headwinds.The total gross collection for FY23 was…

McKinsey & Co. is expected to lay off nearly 2,000 workers in one of its largest waves of layoffs, according to numerous media outlets on 21 February.According to the source, the move is anticipated to focus on staff members who do not…

Last Updated: February 16, 2023, 12:07 ISTKPMG is laying off nearly 700 people or about 2 per cent of its workforce in the United States, becoming the first of the world’s four biggest accountancy firms to slash jobs in the country, reports…

<!-- -->The collapse in acquisition activity had an adverse effect on KPMG's advisory business. (File)New Delhi: KPMG on Wednesday said that it will cut 2 per cent of its staff in the US, FT reported citing an internal…

KPMG has become the first among the world's four biggest accountancy firms to slash jobs in the US. Reports show KPMG is cutting close to 2% of its workforce in the US. The development comes amid a turbulent macroeconomic outlook. The…

Edited By: Namit Singh SengarLast Updated: January 23, 2023, 10:56 ISTMaruti is conducting a third party independent forensic audit. (Representative image: IANS)The executives under the probe are not part of key management of the car…

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