Wednesday, May 2, 2018

Can Feds Get Their Heads Around Blockchain?

That's according to the most recent Government Accountability Office's 5-year strategic plan for 2018-2023. But it's taking a while for people in government to “get their heads around” how it can really be leveraged, Asif Khan, GAO's director of financial management and assurance, said at KPMG's "Future ...
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Serious risk after CBA huge data loss

One theory suggested by a forensic team from accounting firm KPMG was that the tapes might have fallen off the back of a truck taking the data to be destroyed. But the data was never located - either on the road or on the dark web - and it was decided that had most probably been disposed of as ...
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Listed banking assets grow over 8% in Qatar to $389.4bn in 2017: KPMG

On the report, Omar Mahmood, head (Financial Services) for KPMG in the Middle East & South Asia, and partner at KPMG in Qatar, said, “Overall it has been a strong year for listed banks in Qatar. While profitability, assets and capital have all increased from the comparative year, banks in Qatar have ...
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KPMG Faces Heat Over Role In Wells Fargo And General Electric

Earlier in the week KPMG was able to avoid a rebellion from shareholders of Wells Fargo over the role it played as the lender's auditor. However the auditing firm will also have to face another vote later in the week from one of its oldest clients in the United States, General Electric. During the annual ...
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Dallas Morning News parent reports $4 million quarterly loss, a decline from a year ago

A.H. Belo's previous accountant, KPMG, noted in a report that it saw as “material weakness” in financial reporting related to single-copy sales returns and raised issues about the “completeness, existence and accuracy” of revenue from Speakeasy, part of the company's marketing services operation.
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Commonwealth Bank Of Australia Admits 2016 Customer Data Loss

Sullivan said Commonwealth contacted its regulators. The investigation revealed that the tapes held no data that could enable account fraud, only information such as customer names, addresses, account numbers and transaction details. The investigation, for which the bank hired KPMG, also found no ...
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Online food delivery segment hungry for growth

Gyssels was speaking at the company's 'Open Day', which discussed and debated issues related to the industry in the Middle East. The online food delivery industry is gaining traction. Analysts from professional services firm KPMG, who were also present at the event, says that in their recent study in the ...
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