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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Australia's Commonwealth Bank lost the banking records of 12 million customers

Commonwealth Bank even hired a forensic team from accounting firm KPMG to help conduct a search but the missing tapes were never found. One possible theory floated by KPMG is that the driver who transported the tapes to be destroyed didn't properly secure them on the truck and during transit, ...
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Accounting and technology: Brace for impact

“Profound” was, literally, the most common word that firm leaders used to characterize the likely effect: KPMG chairman and CEO Lynne Doughtie, for instance, used it to describe how deeply accounting firms, their clients, their services and more will be changed over the next half-decade, and then ...
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Does Commonwealth Bank's massive data loss put you at risk?

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 destroyed. However ...
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Clessidra to acquire Scrigno

Italian private equity firm Clessidra SGR has agreed to acquire Scrigno Group. No financial terms were disclosed. Linklaters was legal adviser to Clessidra on the deal with Roland Berger, KPMG and Studio Alonzo Committeri advising on the due diligence and BNP Paribas on the financial aspects. And ...
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Nobody Dismissed At Unibank - KPMG

Managers of Unibank, KPMG, have dismissed media reports that they have terminated the appointment of some contract workers of the bank following an assessment of the bank's operations. About five hundred workers of the bank are reported to have their employment contracts terminated as their ...
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House of Fraser owner brings in new majority shareholder

The company attempted to negotiate rent reductions with some landlords earlier this year, and last month retained KPMG to advise on options for its store space. Frank Slevin, chairman of House of Fraser, acknowledged that “we need to make difficult decisions about our underperforming legacy stores”.
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KPMG relocates its Kota Kinabalu office in anticipation of future growth

KOTA KINABALU: KPMG has relocated its Kota Kinabalu office to a new and expanded premise at 3A, Plaza Shell on Jalan Tunku Abdul Rahman, which the global professional services firm will be operating out of effective yesterday. In line with the firm's plan to incorporate a workplace of the future ...
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Major Bank Loses 12 Million Customers' Data in the Most Embarrassing Way Possible

In response, the Commonwealth Bank formed a task force (codename “Project Chesapeake”) and hired accounting firm KPMG, which was also unable to locate the missing tapes. According to BuzzFeed, KPMG even explored the possibility that “the drives weren't secured properly and fell from a truck in ...
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House of Fraser to close stores after takeover by Chinese firm

House of Fraser's troubles came to the fore in January after it suffered a drop in sales over Christmas and started talking to landlords about reducing the size of its property portfolio. KPMG has been drafted it to advise House of Fraser on its restructuring proposal, with the terms of the plan likely to be ...
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KPMG Report Shows Bahrain's Banking Sector Maintain Year-On-Year Growth

KPMG's recently released version of the 'GCC listed banks results' report has shown that the banking sector in Bahrain maintained a year-on-year growth in 2017 with 6.4 percent growth in net profit and 5.6 percent growth in total assets.
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HR Asia Announces Hong Kong's Best Companies to Work for in Asia

Award winners include Arrow Asia Pac Ltd, Avery Dennison, Baxter Healthcare Ltd, Colliers International (Hong Kong) Limited, Equinix, Hang Lung Properties Limited, Haitong International Securities Group, Jones Lang LaSalle Limited, KPMG China, Lee Kum Kee Company Ltd, Mundipharma (Hong ...
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KPMG's Trevor Hart: Mining sector in for 'good growth year'

Trevor Hart, who was promoted to KPMG's global mining head in March, told The Australian that the macroeconomic outlook would help support the mining sector in the year ahead. “A lot of the conversations are about China, as they should be, but China is still really strong and there is a good-quality ...
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Commonwealth Bank confirms loss of almost 20 million customers' financial statements

When the bank became aware of the incident, it said, it ordered an independent "forensic" investigation to figure out what had happened and informed the Office of the Australian Information Commissioner (OAIC). The inquiry, conducted by KPMG, determined the tapes had most likely been disposed of.
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Commonwealth Bank admits it lost customer data

The bank said it had commissioned a “forensic” investigation by KPMG on discovering the incident, and notified the Australian Prudential Regulation Authority and the Australian Privacy Commissioner. The KPMG probe found no evidence that customers' data had been compromised, or accessed by ...
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Samsung BioLogics' stock slides after regulators claim accounting rules infraction

... Reuters reported the company as saying. Samsung Biologics added that the change to fair value and the ensuing net profit was approved by KPMG Korea, Deloitte Korea and PricewaterhouseCoopers Korea, and the issue wasn't raised by the FSS when the company released the 2015 books in 2016.
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Commonwealth Bank confirms loss of almost 20 million customers' financial statements

When the bank became aware of the incident, it ordered an independent "forensic" investigation to figure out what had happened and informed the Office of the Australian Information Commissioner (OAIC). The inquiry, conducted by KPMG, determined the tapes had most likely been disposed of.
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GCC 's Banks Edge Back To Profitability As Oil Prices Rise

GCC's banks recorded a 4.4% growth in assets last year, thanks to increased lending to government and other entities. A report by consultancy KPMG noted that the overall net profit of the banks in the region rose by 6.7 per cent year-on-year, a return to growth in profits after a decline in the previous ...
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Commonwealth Bank confirms loss of nearly 20 million customers' financial statements

The inquiry, conducted by KPMG, determined the tapes had most likely been disposed of. Commonwealth Bank's Angus Sullivan described the incident as "unacceptable" but said the tapes did not contain any passwords or PINs that could compromise customers' accounts. "I want to assure our ...
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Almost 20 million bank account records lost by Commonwealth Bank

"An independent forensic investigation ordered by CBA in 2016 and conducted by KPMG determined the most likely scenario was the tapes had been disposed of. The bank immediately put in place monitoring mechanisms to further protect customers." As Fairfax Media understands, CBA believes a ...
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China Lending Corp FY17 Results Signal Brace For Loan Losses

One alt-lender, Dianrong, announced $220 million in new funding last year. China is the Asia-Pacific region's top market for alternative lending, according to KPMG's Cambridge Centre for Alternative Finance, which released a report last September that found 99.2 percent of APAC's alternative finance ...
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Bahrain banks maintain year-on-year profit growth

... per cent growth in net profit and 5.6 per cent growth in total assets, said KPMG in its recently released version of the 'GCC listed banks results' report. ... partner and head of Financial Services at KPMG in Bahrain, said: “We are delighted to launch the third edition of KPMG's Gulf Cooperation Council ...
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KPMG Adds Abhijit Rawal As Wealth Management Partner

KPMG is investing in its advisory capabilities to help clients successfully manage the significant changes the wealth management sector faces. As part of that ongoing investment, Abhijit Rawal has joined the Firm as a Strategy Partner with a specific focus on the wealth sector. Abhijit has over 13 years of ...
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Listed Gulf banks see 6.7% rise in net profit in 2017 - KMPG

Net profits among listed banks based in the Gulf grew by 6.7 percent during 2017 while asset growth remained robust at 4.4 percent, according to a new KPMG report. KPMG said growth was driven by increased lending to government and related entities to support national-level initiatives. It added that ...
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People Moves: KPMG, Woodbrook Group

Rawal has over 13 years of global advisory and industry experience across strategy, business transformation, retail distribution and new customer propositions. Rawal will work with colleagues from across KPMG's advisory practices to help firms with their growth, deals and overall strategic and digital ...
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Applications are open for Zinc.vc's Mission 2: Tackling social challenges caused by globalisation ...

Zinc was cofounded by Operator/Entrepreneur and Investor Saul Klein, former aerosapce engineer/ startup consultant and Strategy Director Ella Goldner and Paul Kirby former KPMG partner and Non exec at the Cabinet Office. They recently announced they had closed a £3m investment round led by ...
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Airlines Say In-Flight WiFi And Voice Services Will Add To Costs

According to Amber Dubey, partner and India head of aerospace and defence at global consultancy KPMG, passengers may not be averse to paying Rs 200-300 for a 2-3 hour flight and it could be more for international flights. “Premium and corporate passengers may get the service free,” he told PTI.
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GCC banks resilient in the face of political and economic challenges: KPMG GCC listed banks report

Emilio Pera, Head of Financial Services for KPMG Lower Gulf, said: “This year's results have demonstrated the GCC banking sector's resilience and ability to weather political and economic challenges in the region and across the globe. Overall, it looks like banks have performed well in 2017, although ...
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Australia's Largest Bank Lost The Personal Financial Histories Of 12 Million Customers

One possibility that was canvassed by KPMG is that the drives weren't secured properly and fell from a truck in transit that was carrying the data for destruction. Forensic investigators hired to assess the breach retraced the route of the truck to determine whether they could locate the drives along this ...
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Owners of Winnipeg's Mona Lisa Ristorante under investigation for tax evasion, court documents say

Aboriginal Affairs and Northern Development Canada (now called Indigenous and Northern Affairs Canada) later hired the firm KPMG to audit the firefighters association after allegations of misspending surfaced in 2013. The KPMG audit found Mona Lisa, which was initially thought to have billed more ...
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Experts say Greens tax policy would drive down international investment

KPMG tax partner Grant Wardell-Johnson says the changes would make Australia less competitive for international investment. Sean Davey. A new "Buffett rule" would limit the amount of deductions made by high income earners, ensuring anyone earning over $300,000 would pay a minimum rate of tax ...
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Flora Duffy Opens Charitable Fund At BCF

Through her advisors, Dad, Charles and husband, Dan Hugo, Duffy was connected to the BCF via a referral from Kevin Hickey, Senior Manager for Global Mobility Services at KPMG. Duffy expressed her wish to enable aspiring youth in Bermuda to achieve their full potential by providing funding support ...
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Plea in Supreme Court to ban Microsoft products for violation of privacy of users

According to the submission made by the petitioner, the contentious emails received were either sent by individuals working for Bertelsmann Marketing Services (BMSI), a representative of Microsoft, or by individuals employed by auditing firms like KPMG and PricewaterhouseCoopers (PwC), both of ...
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China's third-pillar pension market 'could be worth €1.4trn'

According to a recent study by KPMG, this market could grow at an annual rate of 21% and, by 2025, be worth RMB11trn (€1.4trn). Under the pilot scheme, individuals will get a tax break for buying insurance-based pension products up to a value of RMB1,000 or 6% of their salary, whichever is greater.
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Germany has just FOUR Eurofighter jets available for Nato action – SHOCK report reveals

A 2014 report by external auditors KPMG, engineering firm P3 and law firm Taylor Wessing, detailed 140 problems and risks for the military. Nato chiefs laugh at Germany as being the "Disarmed Services" of the Alliance. One parliamentary critic allegedly said of his nation's armed forces: "We're ...
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Accounting concerns wipe $6bn off Samsung BioLogics market value

The change to fair value, and the subsequent net profit, was approved by KPMG Korea, Deloitte Korea and PricewaterhouseCoopers Korea, and the FSS did not raise an issue when it released the 2015 books in 2016, the company added. An FSS official declined to comment. Shares in Samsung C&T ...
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SBI alleges Goa based Ganindu Milk siphoned off 40 crores; Presses for CBI FIR against Directors ...

KPMG in its report, the bank says, found that GMMP and SPTS were related, and that the latter was a non-existent entity since it was struck-off from the Registrar of Companies (RoC). KPMG's report helped the bank confirm a siphoning or diversion of funds. SBI claims that the diversion caused a loss of ...
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The PGA of America's Next Big Move

He has not been afraid to consider bold actions, once talking about taking the PGA Championship overseas (an idea since tabled) before shifting the dates to May and well as working with the LPGA to facilitate the creation of the KPMG Women's PGA Championship, and has positioned himself and the ...
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Ultimate Software to promote Alvaro to CFO

She was formerly an accountant with KPMG. “Mitch has groomed Felicia for years to succeed him,” Scherr said. "She has been in the room with Mitch and me for all 81 investor conference calls we've had as a publicly traded company. It's Felicia's time. She's ready, she's excited, and she is more than ...
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Analysis: The case against Tom Moyane

The Moyane curse also invoked misfortune on KPMG: The formerly highly regarded auditing firm was last year forced to fire eight top members of its management team, admitting to blatantly copying sections from a letter drafted by Moyane's law firm of choice, Mashiane Moodley & Monama, into its ...
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SANS and KPMG Now Accepting Nominations for the Ken Johnson DFIR Scholarship

BETHESDA, Md., May 1, 2018 /PRNewswire-USNewswire/ — SANS Institute, the global leader in cyber security training, is accepting nominations for the Ken Johnson Digital Forensic and Incident Response (DFIR) Scholarship. In honor of Ken Johnson, SANS Institute and KPMG LLP created the Ken ...
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Ultimate Software Group (ULTI) CFO Mitchell K. Dauerman to Step Down; Felicia Alvaro to Succeed

Alvaro began her career with KPMG LLP, a global accounting and consulting firm, and had 10 years of experience with both public and private companies prior to joining Ultimate. She has a B.S. in Accounting and is a Certified Public Accountant. “Mitch has groomed Felicia for years to succeed him.
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Federal budget: $3 billion tax refund scheme faces 'intensity' test

But industry warned it could have devastating effects on businesses that have already hired staff or purchased equipment with the expectation that they would receive a tax credit. KPMG's national R&D partner David Gelb said the change would raise the costs in manufacturing, agribusiness and other ...
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GuideWell Adds Kristen Blum and Tim Cost to Board of Directors

positions for Apple Inc., KPMG Consulting and Disney Inc. Blum also serves on the board of directors for Sprouts Farmers Market. Inc., Big Brothers Big Sisters Lone Star, The National Society of High. School Scholars Foundation Inc., and The Ohio State University English. Department Advisory Council.
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Côtes du Coeur raises an eye-popping $4.7 million for the American Heart Association

... Gardere Wynne Sewell LLP, GDT, Gibson Dunn & Crutcher LLP, Goldman Sachs, Golden Tree Restaurants, Grant Thornton LLP, Loretta and Wally Gruenes, Hammond Machine Works, Juniper Networks, KPMG, McCarthy Building Companies Inc., McKinsey & Co., Metaswitch, Midland Manufacturing, ...
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Technology and regulatory changes to have transformative effect on Omani banks: KPMG

Oman's banking sector remains in a fairly robust position underpinned by strong asset growth and innovation through technology, which is enabling the industry to improve operational efficiency, augment revenue and reduce risk, and enhance customer experience, the first edition of the KPMG Oman ...
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Major airlines welcome TC's nod for in-flight WiFi, voice services

According to Amber Dubey, partner and India head of aerospace and defence at global consultancy KPMG, passengers may not be averse to paying Rs 200-300 for a 2-3 hour flight and it could be more for international flights. "Premium and corporate passengers may get the service free," he told .
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Luxembourg: The Standard You're Forgetting About

KPMG Luxembourg. International Accounting Standard (IAS) 32 Financial Instruments: Presentation defines rules for when a financial instrument is to be ... KPMG Malta. This is the third in a series of articles outlining the main differences between GAPSE and GAPSME regulations in relation to its scope, ...
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Investment Association calls on money managers to collaborate on cybersecurity threats

The money management sector needs to work together to detect, respond to and recover from cyberattacks, said the Investment Association and KPMG. The IA launched a report with KPMG Tuesday at the industry representative body's inaugural Cyber Security Conference for Asset Management.
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Cherry Bekaert installs new CEO Michelle Thompson

Thompson is joining the small group of women who have reached the top spot at accounting firms in recent years, including Cathy Engelbert at Deloitte and Lynn Doughtie at KPMG. Last December, Ernst & Young appointed Kelly Grier as U.S. chairman and managing partner-elect, and she is set to take ...
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La Salle News

... make clear that they are bringing people together in their communities to solve pressing problems. That is what Campus Compact is about, and it's what our country and our world desperately need.” The Newman Civic Fellowship is supported by the KPMG Foundation and Newman's Own Foundation.
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Illegal cigarettes account for 15pc of the market

Between 2016 and 2017, tobacco consumption fell 6.1 per cent but the share supplied in the black market climbed to a record 15 per cent from 14 per cent a year earlier, according to a KPMG study. The analysis found the presence of cigarettes manufactured legally in other countries and smuggled into ...
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Johnston Carmichael CEO named ICAS president

Bruce Cartwright, ICAS Chief Executive said that Manson's “talent as a business leader and his standing within the profession will be of great value to ICAS and our members over the course of the year.” Catherine Burnet, senior partner for KPMG in Scotland, will support Manson in the role of ICAS vice ...
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Your inbox is being flooded with emails about privacy. Here's why

"Companies must be prepared to find out that just because I buy their insurance doesn't mean I want to hear from them more," said Mark Thompson, the global lead of privacy advisory at KPMG. People outside the European Union may receive the emails because some companies have decided to apply ...
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Food sales dominate spending

MARCH sales in Scotland were underwhelming with a decrease of 0.2% on a like for like basis compared to the same period last year, according to the latest KPMG figures produced for the Scottish Retail Consortium. The latest figures are in line with the three-month average of a 0.2% decline, a result ...
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SANS and KPMG Now Accepting Nominations for the Ken Johnson DFIR Scholarship

BETHESDA, Md., May 1, 2018 /PRNewswire-USNewswire/ -- SANS Institute, the global leader in cyber security training, is accepting nominations for the Ken Johnson Digital Forensic and Incident Response (DFIR) Scholarship. In honor of Ken Johnson, SANS Institute and KPMG LLP created the Ken ...
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Regulatory changes to have transformative effect on Oman's banking sector

Muscat: Oman's banking sector remains in a fairly robust position underpinned by strong asset growth, and innovation through technology, which is enabling the industry to improve operational efficiency, augment revenue and reduce risk, and enhance customer experience, the first edition of the KPMG ...
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Asset managers urged to collaborate on cybersecurity

KPMG said criminals were becoming more creative in how they attacked financial systems, and cyberattacks would become increasingly automated. Speaking at the IA's first cybersecurity conference for asset management, Chris Cummings, IA chief executive, said: “Technology is transforming our ...
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Throwback Tuesday, Gupta edition: 5 years after the wedding taxpayers paid for

According to Craig McKune of the amaBhungane Investigative Journalism Centre, "The Guptas laundered the money offshore through Dubai, and brought it back to South Africa, where it landed with a company called Linkway, which was audited by KPMG. "We did an article on that after the GuptaLeaks ...
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KPMG, EY partner retirement ages are 'unlawful discrimination'

KPMG and Ernst & Young have engaged in the long-standing and widespread practice of retiring partners as young as 58 years old in what legal experts have warned is a clear case of unlawful age discrimination. The firms' partnership agreements, seen by The Australian Financial Review, include ...
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Aviva to pay £14m in compensation for preference debacle

The company has appointed KPMG as an independent administrator to handle the goodwill payment process. By 31 July 2018, Aviva expects to have completed the preparations required to open and operate that process and will make a separate announcement along with writing to each affected ...
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After BBY, Glenn Rosewall turns to cryptocurrency

Though court action is grinding along, liquidator KPMG believes there's a $21 million shortfall between BBY's remaining funds and what is owed to its customers, not counting what its creditors and staff are owed. As for the ASIC probe into the whole thing, revealed in Street Talk last year, we understand ...
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Top Carluccio's exec leaves after less than a year as restructuring rumours swirl

His departure comes as Carluccio's is in the midst of discussions with advisers at KPMG over possible restructuring options. Industry sources have told City A.M. that it is believed Carluccio's could be the next restaurant business to close stores as part of the casual dining crunch. KPMG also handled the ...
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Desert heat lights a fire under Dubai's food delivery market

According to a 2017 report by market research firm KPMG on the food and beverage industry within the UAE, 87% of surveyed food operators are listed on delivery apps. Sixty percent of UAE consumers use an app to order food, say KPMG, compared to just 18% of US consumers using a delivery app or ...
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Indians Seek Most Engineering Jobs on LinkedIn

The most viewed job post in India was that of a KPMG analyst. At the second, third and fifth spots were mechanical engineering job posts from Tata Motors, security product manufacturing company Allegion, and logistics automation company Vanderlande. Among the top 10 most viewed job posts were ...
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'Should not be hidden:' Nanaimo CFO routinely used City card for personal expenses

It claimed the review of the expense policy was complete, auditor KPMG found no misappropriation of City funds and new rules to guide staff on card usage were going into effect. Gurrie said it was following that supposed audit that staff in the finance department began compiling a report and filed an ...
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Opinion: Transparent government still a pipe dream in Queensland

KPMG duly carried out this investigation, pocketing a handy $165,000 plus GST, and handed its findings over to the Premier. Rather than a broadside of press releases extolling the wondrous advances that had been made by the Government in delivering public service to the electorate, there has been ...
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Exploring a new way to budget in oil and gas – KPMG

KPMG UK explains how alternative cost management models can deliver more sustainable budgeting for the Upstream Oil and Gas industry. Whilst the Upstream Oil and Gas industry reaps the gains from its efforts to drive improvements in efficiency and productivity, the lessons of the downturn remain ...
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Conviviality turned down last minute rescue deal

The fallout from Conviviality's demise is still being felt, with its accountancy firm KPMG coming under investigation by the Financial Reporting Council (FRC). Large portions of its estate were sold off, with Bestway buying its Bargain Booze and Wine Rack fascias, as well as other Conviviality businesses ...
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Carr's to end 109-year audit relationship with PwC

It will bring to an end an audit relationship with PwC that started in 1909. Carr's announced that, subject to shareholder approval, KPMG will be appointed as the group's auditor for the financial year ending 31 August 2019. In a statement, the Carr's board thanked PwC for its “many years of diligent ...
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Why Acquisitions Fail

The fact that most acquisitions fail won't come as news to many. Auditing and consulting firm KPMG conducts extensive research into M&A every two years and their most recent research showed that only about a third of all transaction in this area generate value for shareholders, with the remaining ...
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Uganda's anti-growth tax plan

“The proposed increase in taxes will in effect increase the cost of living which will negatively impact economic growth because people's income sources are not growing at the rate expenses are growing,” Philip Niwamanya, a tax expert with KPMG's Tax and Corporate Services Department told The ...
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The big four accounting firms struggle to shake their sexist pasts

In many ways, the big four accounting firms — Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers (PwC) — have influenced how we work, how we manage, how we invest and how we are governed. Apart from their staff, the brands themselves are the big firms' most valuable assets. The value ...
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Sandy Manson appointed ICAS President

Supporting Sandy in his role as President are: Mike McKeon CA, non-executive director of National Express, who has been appointed deputy president of ICAS; and Catherine Burnet CA, senior partner for KPMG in Scotland, who has been appointed vice president of ICAS. Mike has previously held ...
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Mobility 2030: The Infinite Car and Electric Vehicles

In 2016 KPMG convened senior stakeholders with an interest in the mobility ecosystem, to architect what is now the Mobility 2030 network. This initiative seeks to respond to the transformational social, technological and economic shifts which are fundamentally transforming the way people and products ...
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LDC backs transport management software in £20m deal

LDC was advised by KPMG (corporate finance and transaction services) and Muckle (legal). Graham Pearce and Nisha Sharma at KPMG advised LDC on its investment. Pearce, head of TMT for KPMG in the North, said: "The UK haulage industry is on the cusp of a technology revolution, which will ...
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Investment Association helps asset managers tackle cyber security threats

Matthew Martindale, Partner and Investment Management Cyber Security lead, KPMG UK: “Asset managers exist to protect clients' assets and that no longer means just making a return. Protecting client's money and data in a digital world is a challenge - more tech means more cyber-crime - and the ...
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This Family Sailed Around The World—With Three Children

“We created a vision statement, which we put on the wall in our kitchen,” said Craven, a former investment banker at KPMG, turned e-commerce entrepreneur in 2001 — building, growing and selling companies mainly in the technology sector. “It basically said, 'On August 1, 2014, we are going to set sail ...
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Records tumble

The fast and flat route saw many of the WPA club runners recording personal bests, but the day belonged to the winners, Zintle Xiniwe (KPMG) who won the women's 10km in a time of 35:07, with men's winner Siboniso Soldaka (CPUT) completing the 10km race in 30:00, both taking 12 seconds off the ...
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It's time to give people the ability to call in on an 'off day'

Business and mental health advocacy groups are backing a new KPMG plan that shows how a $4.4 billion investment in mental health measures by both ... Business council boss Jennifer Westacott, who chairs Mental Health Australia, said the KPMG report "Investing to Save" provided a tangible plan to ...
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Qatar's banking sector remains resilient: KPMG

In 2017, profitability for listed banks increased by 5.0 percent on an average from the previous year, mainly as a result of higher net interest income, which increased by 3.8 percent, and a further reduction in costs, despite a higher impairment charge on loans, KPMG's latest version of the 'GCC listed ...
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Top 5 on Fin24: 5 biggest changes to the SA labour landscape since 2017, bus strike continues

Concerns of a major conflict of interest have been raised against KPMG after it was discovered that an attorney who was deeply involved in the rogue unit allegations against the South African Revenue Service (SARS) was contractually employed by one of the embattled auditing firm's senior managers ...
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VirtualArmour Appoints Todd Kannegieter as CFO

Kannegieter began his career at KPMG Peat Marwick, where he served as an auditor on multi-national oil and gas, real estate and financial institution engagements. He holds a B.S. in Accounting from University of Wyoming. Kannegieter has volunteered his time for several nonprofit organizations, ...
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Early Tickets for 2018 UL International Crown are Sold Out in Record Time

The final field of 32 players will be determined via the Rolex Rankings as of July 2, the Monday after the KPMG Women's PGA Championship. Countries must have a minimum of four ranked players to be eligible. Additionally, LPGA and World Golf Halls of Fame member Se Ri Pak, who inspired ...
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The big four accounting firms struggle to shake their sexist pasts

In many ways, the big four accounting firms – Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers (PwC) – have influenced how we work, how we manage, how we invest and how we are governed. Apart from their staff, the brands themselves are the big firms' most valuable assets. The value ...
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Responding to setbacks, KPMG adds outside directors

After some major hits to its reputation, KPMG has decided to add outside directors to its board. In an open letter, Lynne Doughtie, KPMG's U.S. chairman and CEO, said the firm regularly evaluates ways to improve how it manages the business. “In 2017, certain events, and the actions of a few former ...
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Global eDiscovery Market Key Players by 2023- KPMG, Guidance Software, Zylab, FRONTEO and ...

Recent industrial updates that emphasis on eDiscovery market and provides a qualified and systematic study. Forthcoming predictions for the eDiscovery market 2018. The report examines overall eDiscovery business structure and features related to industrial background, also focusing on the market ...
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#News24 ICYMI: Cloud over Lucky Montana's R13.5m property; From data ripoff to data rollover ...

Eskom has rubbished claims that is bailing out Gupta-linked Optimum Coal Mine, Auditing firm KPMG SA sinks further into controversy and more than 30 trucks are damaged in a violent protest ... Auditing firm KPMG SA has come under intense scrutiny for its role in authoring the SARS 'rogue unit' report.
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Where does the power to obtain information begin and end?

Betzy C. Nuevo is a supervisor from the tax group of KPMG R.G. Manabat & Co. (KPMG RGM&Co.), the Philippine member firm of KPMG International. KPMG RGM&Co. has been recognized as a Tier 1 tax practice, Tier 1 transfer pricing practice, Tier 1 leading tax transactional firm and the 2016 National ...
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Aviva to compensate investors after failed attempt to cancel preference shares

Aviva has appointed accountant KPMG to manage the compensation claims. "Preference shares remain an industry-wide issue and it is clear now that the best way forward is to seek a regulatory solution before the 2026 deadline when the shares no longer count as regulatory capital under Solvency II," ...
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Lebara fails to meet deadline for audited results

A spokesman for KPMG declined to comment. Lebara also announced it was appointing Olivier Sage as its new chief financial officer, who joins from the Moby Group, a Dubai-headquartered media company that operates television and radio channels in Afghanistan, where he was chief financial and ...
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It's time to give people the ability to call in on an off day

Business and mental health advocacy groups are backing a new KPMG plan that shows how a $4.4 billion investment in mental health measures by both government and business could be turned into $8.2 billion in annual savings to the economy initially and $12.7 billion in the longer term. Andrew ...
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We can all be millennials (Part I)

These very same characteristics are also found among baby-boomers and the Generation X people (born between 1965 to 1982.). According to Bruce Plau, KPMG's former vice-chair of human resource, there is a growing body of evidence suggesting workers of all ages are far more alike than dissimilar ...
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Aviva gives up to £14 million as apology for preference shares gaffe

... it surprising it got itself in such a position in the first place. This whole episode is 'unfortunate' but in our view should not distract from Aviva's strong investment case.” Aviva has appointed KPMG to handle the administration of the goodwill payment process. The payouts should be completed by July 31.
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Management Consulting Services Market Manufacturer 2018 – Deloitte Consulting, PwC, EY ...

Worldwide Management Consulting Services Sales (K Units) and Revenue (Million USD) Market by Top Manufacturers 2018-2025 are Deloitte Consulting, PwC, EY, KPMG, Accenture, IBM, McKinsey, Booz Allen Hamilton, The Boston Consulting Group, Bain & Company. Get Free Sample Report of ...
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Small-cap spotlight: KRM22 floats on AIM, Cluff Natural Resources pre-tax losses narrow

The firm has agreed to acquired eight stores from in administration equestrian to farming retailer Countrywide Farmers. It will pay pay £800,000 in cash for the Countrywide stores, after reaching agreement with administrators KPMG. On completion the acquisition will take Wynnstay's network of stores ...
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The Marvin Companies Elects Sally Smith to Board of Directors

Prior to joining Buffalo Wild Wings, Smith was a member of KPMG, an international accounting and consulting firm, and spent 11 years with international franchise company Dahlberg, Inc. (now Miracle-Ear, Inc.) "We are very pleased to welcome Sally to The Marvin Companies board of directors," said ...
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Motor Finance Europe 2018 award winners announced

Legal provider/advisory firm of the year: KPMG. Digital innovation of the year – Fleet: The Miles Consultancy. Digital innovation of the year – Consumer lending: Toyota Financial Services. Digital innovation of the year: iVendi. Editor's choice award: First Citizen Finance. Lifetime achievement award: Dr ...
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VirtualArmour Appoints Todd Kannegieter as CFO

Kannegieter began his career at KPMG Peat Marwick, where he served as an auditor on multi-national oil and gas, real estate and financial institution engagements. He holds a B.S. in Accounting from University of Wyoming. Kannegieter has volunteered his time for several nonprofit organizations, ...
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Form DEFA14A American Airlines Group

A proposal to ratify the appointment of KPMG LLP as the independent registered public accounting firm of American Airlines Group Inc. for the fiscal year ending December 31, 2018. 3. A proposal to consider and approve, on a non-binding, advisory basis, executive compensation of American Airlines ...
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Alvarez & Marsal Expands Its European Tax Practice to Meet Growing Client Demand

Mrs. Jenkins has nearly 20 years' experience advising clients on compensation matters at firms including FTI Consulting, KPMG and EY. Mr. Ponting has 20 years' experience in corporate tax advisory spanning over 90 separate transactions at FTI Consulting, Deloitte and PwC. Antonio "Tony" Alvarez III, ...
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FCA awards Big Four and other 40m to test cyber security

In the wake of a number of high-profile attacks in recent years, the financial services watchdog has awarded PwC, Deloitte and KPMG cyber security testing contracts, according to data research group Tussell. The contracts have been awarded to establish a “skilled persons cyber panel” that will help to ...
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European Energy A/S - Summary of the Annual general meeting 2018

Jens-Peter Zink, Knud Erik Andersen, Mikael Dystrup Pedersen, Claus Dyhr and Jesper Helmuth Larsen were elected to the European Energy Board of Directors. Jens-Peter Zink continues as chairman of the Board. Ad item 5 of the agenda. KPMG was re-elected as external audit. For further infomation ...
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Lannett Announces Changes To Board Of Directors

Chapman is a retired audit partner for KPMG, having specialized in providing audit services to large complex multinational pharmaceutical and consumer market companies. During his tenure at KPMG, he served for six years as a member of the firm's board of directors and for several years as KPMG's ...
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Aviva fights to restore trust with payout after botched attempt to ditch share plan

Aviva has appointed Big Four accountant KPMG to manage the process, with the company giving eligible shareholders up to six months to make a claim. "Preference shares remain an industry-wide issue and it is clear now that the best way forward is to seek a regulatory solution before the 2026 ...
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Carr's Group set to appoint new auditors KPMG

Cumbrian agricultural and engineering group Carr's is set to appoint new auditors. KPMG has been lined up to take the role on for the financial year ending August 2019 following a competitive tender process. The appointment has already been approved by the Carr's Group board, following a ...
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Canada's biggest pension funds are backing pot stocks

... Canadian producers of cannabis have spare capacity which should enable increased production to meet the predicted demand for products post-legalization. However, some are concerned that growers may oversupply the market with an aggregate 1.5 million kg per year, when KPMG forecasts sales ...
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EXCLUSIVE: Controversial attorney and alleged spy Belinda Walter was a consultant for senior ...

Concerns of a major conflict of interest have been raised against KPMG after it was discovered that an attorney who was deeply involved in the rogue unit allegations against the SA Revenue Service (SARS) was contractually employed by one of the embattled auditing firm's senior managers in the ...
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KPMG appoints 20-year veteran Jonathan White as head of UK construction practice

Advisory giant KPMG has named Jonathan White as its new head of UK infrastructure, building and construction practice. Having served in various leadership roles over the past 20-plus years, White has experience covering serval industries, including energy, transport, utilities and public sector.
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Interserve landed with £40m bill from accountants and consultants

The Big Four – Deloitte, PwC, EY and KPMG – have been subject to criticism for audit sign-offs provided to firms which subsequently encountered financial difficulty. Oliver Wyman, which specialises in consulting rather than the sign-off of accounts, advised Monarch Airlines weeks before it failed to ...
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Global Corporate Secretarial Services Market 2018 – TMF Group, PwC, Deloitte, Vistra, Mazars ...

Complete Corporate Secretarial Services research report is isolated according to product types, Segments, geographical zones, major key players Including: TMF Group, PwC, Deloitte, Vistra, Mazars Group, KPMG, ECOVIS, MSP Secretaries, Elemental CoSec, Luther Corporate Services, A.1 Business, ...
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Almost £8 MILLION of meat owned by failed Derby firm Russell Hume could be destroyed

The KPMG report also reveals that Russell Hume owed almost £10 million to trade and expense creditors when it went into administration - although joint administrators Chris Pole and Mark Orton from KPMG are confident that they can secure a return of between 60p and 80p in the pound for creditors.
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Welsh firm strikes deal to acquire Countrywide Farmers stores

Powys-based agricultural supplies group Wynnstay has agreed to acquired eight stores from in administration equestrian to farming retailer Countrywide Farmers. Wynnstay has agreed to pay £800,000 in cash for the Countrywide stores, after reaching agreement with administrators KPMG.
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BDO remains top AIM auditor

The firm replaced KPMG in top spot during the second quarter of last year, and has held despite losing three clients. According to the latest Adviser Rakings, BDO has 144 AIM clients, while KPMG has 139 and Grant Thornton 120. However, PwC has the most market cap, with £18.14m in billings ...
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Aviva to pay up to 14 million pounds to investors over preference shares

Aviva, which appointed KPMG to manage the payment process, said it estimated that fewer than 2,000 individual investors sold their shares during the period and the cost should not exceed approximately 14 million pounds. Eligible shareholders would have up to six months to make a claim from the ...
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Mothercare flies in Rothschild as it scrambles to secure emergency funding

Though it has already enlisted the help of KPMG to handle discussions with HSBC and Barclay's over its debt obligations, Rothschild is understood to be reaching outside of the retailer's current lenders to secure a cash injection. It is aiming to find the funds before May 17 when Mothercare is due to ...
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Movers and shakers

Claydon, an ICAEW Chartered Accountant and partner at KPMG, was previously European head of consumer goods and retail transaction services. She has been with the firm for more than 27 years, having joined as an audit trainee in 1991 and qualified as a chartered accountant in 1994. Meanwhile ...
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Wolfstar launches 'Quintessentially British' campaign for The Royal Mint

... Royal Mint, aimed at inspiring the British public to engage further with their change. The contribution from the Wolfstar team added colour to the campaign, and really helped bring it to life for our audience.” Wolfstar's client list includes Portmeirion, KPMG and Husqvarna and recent addition Wax Lyrical.
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Report into George Town, West Tamar councils merger could be made public

“The KPMG report is a pre-feasibility study only. It will now be a decision of council whether to take that document to consultation with [the] community,” she said. “Until now there has been no data or information to present for consultation.” Mr Cameron said the chamber planned to meet to discuss its ...
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