South Africa's auditing regulator refers KPMG to disciplinary hearing

Agulhas said in terms of South Africa's Auditing Professions Act, KPMG could face sanctions ranging from a light caution or reprimand to the severest punishment, being struck from the register of auditors. KPMG is one of several high-profile international companies facing questions about its work for the ...
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Bulgarian court holds CCB embezzlement trial first hearing at fourth attempt

Two auditors from KPMG Bulgaria are also facing embezzlement charges, while three former employees of the central bank – including former deputy governors in charge of bank supervision Tsvetan Gounev and Roumen Simeonov – have been indicted on charges of mismanagement. Vassilev was ...
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South Africa's auditing regulator refers KPMG to disciplinary hearing

CAPE TOWN, Feb 27 (Reuters) - South Africa'sIndependent Regulatory Board for Auditors (IRBA) has referred a former KPMG employee to a disciplinary hearing following an investigation of work carried out for Linkway Trading, a project management firm owned by friends of former President Jacob ...
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Moscow Hosts First Russian-Islamic Forum

Many Russian Islamic financial institutions supported and participated in the forum such as the Islamic Development Bank, Sberbank and KPMG. Participants ... Senior Partner of KPMG in Russia Oleg Goshchansky pointed out that the share of Islamic economy has increased in the global economy.
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Tencent leads $115m round for Indian music service Gaana

In 2015, KPMG predicted that the Indian recorded-music business would be worth $300m by 2019, while a bullish report from Deloitte the same year predicted $476.3m of Indian digital-music revenues in 2020, at which point it expected there to be 273 million online-music listeners in the country.
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Daily Research News Online

Earlier, he was VP/Group Director, Strategy & Analysis at Digitas, and he was a Management Consultant at IBM Business Consulting Services, developing business and digital marketing strategies, and an Engagement Manager at KPMG Consulting, focusing on eCommerce strategy and platforms.
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County at 'crisis point' announces revised budget

The county has announced cuts of nearly £10m after KPMG had warned the county's proposed budget was over-reliant on the use of capital receipts. The new proposals include closing 21 small libraries, removing all bus subsidies, reducing the trading standards budget by 42%, freezing pay for staff ...
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Talks on unfinished Ulster university site intensify as administrators step in appointed

KPMG is being appointed to Lagan Construction Group Holdings, Lagan Construction Group, Lagan Building Contractors and Lagan Water. But another 26 companies within the group are not affected. Announcing the plans to put the companies into administration last week, the company said parts of ...
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FAO Hails Nigeria's Youth Scheme

L-R: Senior Manager, Management Consulting, KPMG in Nigeria, Zaccheaus Olusegun, Head, Corporate and Government Relations, Olam Nigeria, Ade Adefeko, Executive Director and Co-Founder of Falcon Corporation, Mrs Audrey Joe-Ezigbo, representative of the Managing Director, First Bank of ...
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India's richest religious group thinks the startup boom can make it even richer

“Money is available but do you take from the Jain foundation or a Stellaris or an Indian Angel Network? It depends a lot on what the antecedents are,” Ankur Nigam, a partner at management consulting firm KPMG, said. “Before picking an investor, startups need to ask 'what else do you bring to the table?'
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The Liberals can build their stadiums or win an election, but not both

When it comes to the ''secret'' KPMG business case released on Monday, which purports to show it will break even, can we find out how the numbers turned so favourable to the government so quickly? KPMG suddenly claims a 1.0 benefit/cost ratio. Really? Just two years ago, I am reliably informed, the ...
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Adelaide Brighton's profit slips after underpayments

The company said today KPMG's analysis was complete and that it had improved its compliance and risk management systems, but did not confirm employee involvement. “While the financial impact of the discrepancies has been quantified, investigations are continuing,” Adelaide Brighton said in a ...
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DIARY-Top Economic Events to April 26

PRAGUE - European Central Bank Executive Board member Yves Mersch gives speech at KPMG Finance Forum 2018 - 0810 GMT. MONDAY, MARCH 5 STOCKHOLM – Swedish Governor Stefan Ingves will speak at the Expert Group on Public Economics' seminar on possibilities and challenges for ...
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Northamptonshire County Council plans to close 21 libraries

Meanwhile, financial auditor KPMG said planned cutbacks on potholes repairs could also leave the authority open to a legal challenge. It follows an announcement that the council will also reduce the highways maintenance budget, affecting carriageway and footpath repairs and inspections.
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AdBri's FY profit hit by underpayments

Adelaide Brighton said then it had hired forensic accountants KPMG to look at whether an employee could have been involved in transactions that may have deliberately hidden customer underpayments for supplies over a sustained period. The company on Wednesday said KPMG's analysis was ...
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GHD Digital arm launched

GHD Digital will be led by Kumar Parakala, former head of KPMG's 11,000-strong global technology advisory practice, and founder of Technova - a digital transformation and growth advisory firm that was acquired by GHD in March 2017. Parakala was then appointed as GHD's global digital leader.
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Form NSAR-B LEGG MASON PARTNERS VARI For: Dec 31

Changes in Registrant's certifying accountant On August 14, 2017, KPMG LLP ("KPMG") resigned, at the request of ClearBridge Variable Large Cap Growth Portfolio, ClearBridge Variable Mid Cap Portfolio, ClearBridge Variable Appreciation Portfolio, ClearBridge Variable Dividend Strategy Portfolio, ...
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KPMG partner leaves firm after sexual harassment claim

A KPMG partner from South Australia has left the firm after an investigation into a sexual harassment against him found he breached the company's rules. The revelation about the partner's departure last December has prompted KPMG Australia CEO Gary Wingrove to issue a statement to The Australian ...
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Australia's directors are worried about the risks to business from crumbling community trust

“Boards of all sectors are increasingly aware that fundamentally, trust is about relationships, not solely reputation,” according to the report by AICD and professional services firm KPMG. Internal culture and practices are the biggest obstacle directors face in trying to improve the corporate culture in their ...
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Will investing in robos lead to more human advisors?

In fact, M&A activity for all fintech sectors totaled $8.7 billion over 154 deals in 2017, according to KPMG's Pulse of Fintech study. Backed by a strong economy and substantial increases in private equity, U.S. investments accounted for almost half of all global funding at $15.2 billion for the year, according ...
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Report: Coinbase made 43 percent of its 2017 revenue in December alone

The data were collected through productivity apps, personal finance apps, and expense management apps. Superfly Insights typically provides this type of data and analysis to its clients, which include hedge funds, banks, and venture capital firms. It also provides data and analysis to KPMG, Meiri told ...
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South African regulator refers ex-KPMG employee to disciplinary hearing

An IRBA spokeswoman said the auditor in question was a former KPMG employee, but did not name the employee. “We are aware that the IRBA has resolved that a former employee, who is a registered auditor, will be referred to a disciplinary hearing,” KPMG spokesman Nqubeko Sibiya said without ...
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CORRECTED-UPDATE 1-South Africa's auditing regulator refers ex-KPMG employee to ...

CAPE TOWN, Feb 27 (Reuters) - South Africa's Independent Regulatory Board for Auditors (IRBA) has referred a former KPMG employee to a disciplinary hearing following an investigation of work carried out for Linkway Trading, a project management firm owned by friends of former President Jacob ...
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KPMG auditor faces disciplinary hearing over work for Gupta-linked firm

JOHANNESBURG – The Independent Regulatory Board for Auditors has referred an auditor from KPMG South Africa to a disciplinary hearing. It follows an investigation into the work the company did for Linkway Trading, a project management firm linked to the Gupta-owned Oakbay group, allegedly ...
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SBR and ICD in MoU to offer Islamic finance products

Meanwhile, the ICD, the private sector arm of IDB Group, the International Association of Islamic Business (IAIB) and Sberbank of Russia, in close cooperation with the IsDB Group Business Forum (THIQAH) and KPMG have organized the 1st Russian Islamic Economy Forum which was held on Tuesday ...
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Etiquette tip of the week: If you want it, go get it

(I won't tell you which one, but the "Big Four" are Deloitte, PwC, Ernst & Young and KPMG). He said to a recruiter, “What do I need to do to get your attention?” She responded, “Show up every time one of my recruiters is on campus.” This was a large campus and the organization had many visits to the ...
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Former Carillion FD warned of "sloppy accounting"

That the next Chief Financial Officer had to go through whistle blowing procedures to get her concerns about accounting irregularities taken seriously by the Carillion board is extraordinary. So too is that the board's response was to reject an independent review and get KPMG, their pet rubber-stampers, ...
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Northamptonshire County Council cuts: Adult services 'at edge of being unsafe'

The council's auditor KPMG told it to make more savings and warned the authority its books did not balance and may break the law. Among the new savings is a plan to close 21 libraries. It is also reducing the highways maintenance budget. As part of the proposed closures, the council said it would work ...
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Singapore, Indian state to collaborate on fintech intiatives

MAS last November unveiled a slew of initiatives aimed at driving the development and adoption of new technologies in the financial sector, including a S$27 million (US$19.85 million) investment in artificial intelligence (AI). According to KPMG, Singapore also banked a record high of US$229.1 million ...
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EY investigates senior partner over sexual harassment allegations

The need for Mr Johnson to issue the warning to partners is embarrassing for the firm, which, like all the big four accounting and consulting firms Deloitte, KPMG and PwC, has gone to great lengths to promote itself as a great place to work. EY's motto is "building a better working world" and Mr Johnson ...
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BREAKING NEWS: Northamptonshire County Council revised budget puts 21 small libraries at risk

An advisory notice was issued to the county council last week by KPMG which highlighted concerns about the authority's proposed budget and what they ... “These revised budget recommendations have been brought forward in light of the advisory notice issued by KPMG last week and include service ...
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Companies unhappy over multiple compliance under GST: Survey

Multiplicity of compliance under GST with multiple returns to be filed state-wise and matching sales and purchase data, have increased the burden, said companies in a survey conducted by KPMG. Companies from varied sectors like healthcare, defence, consumer and even public sector enterprises ...
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Stadium rebuild 'too small for rugby Tests'

The original $705 million plan of NSW Sports Minister Stuart Ayres for the knockdown and rebuild of Allianz Stadium drawn up by KPMG included playing ... Tim Riordan, is now investigating whether a leak of the strategic business case for Allianz prepared by KPMG, to The Daily Telegraph yesterday, ...
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Smaller Northants libraries could close as council makes budget U-turn

... the cost of which is largely invisible to the wider population, and therefore it is regrettable but inevitable that these proposals will have an impact on the population as a whole. “These revised budget recommendations have been brought forward in light of the advisory notice issued by KPMG last week ...
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Big Four part-timers celebrated in Power 50

They include Deloitte's Charlotte Blyton, one of six power returner winners, and Riaz Shah of EY, Sarah Willows of KPMG and Iain Selfridge of PwC, all of whom are named in the Power 50. The awards are designed to showcase the UK's top flexible and part-time workers who are progressing their ...
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Smaller Northants libraries could close as council make budget U--turn

“We heard loud and clear what residents across the county told us during the 12-week consultation, but given the advisory notice issued by our auditors KPMG last week, we have little choice but to reconsider our preferred option. “KPMG quite clearly told us that they considered our proposed budget for ...
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KPMG referred to disciplinary hearing by Auditors Board

JOHANNESBURG - CAPE TOWN – South Africa's Independent Regulatory Board for Auditors (IRBA) has referred KPMG to a disciplinary hearing following ... KPMG has previously refuted allegations that it was involved in, or condoned, any alleged money laundering activities linked to Linkway Trading.
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Berejiklian's push for new stadiums makes sense, even if it is seen by some as mere bread and ...

In both cases, the KPMG work shows that demolishing and starting from scratch is a far more cost effective option than remodelling. The secret figures I saw last year from KPMG on ANZ, which are still being refined, showed that it was over $100 million cheaper to demolish and rebuild the Homebush ...
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Blockchain won't produce results until at least 2019

Blockchain is still in the "hype stage", and isn't going to start producing real results until 2019 at the earliest, according to auditing and professional services firm KPMG. Its head of tech growth, Patrick Imbach, believes that new technologies like blockchain always go through a phase of explosive hype ...
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Carillion board minutes reveal last CFO blew the whistle on accounting irregularities

“Mr Khan noted that KPMG had been surprised that the issue had not been identified as the two key leads were intimately familiar with the construction contracts. Mr Dougal confirmed he had spoken to Mr Meehan, who had indicated that KPMG needed to review and reassess the judgments on each ...
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Dealmakers support ISS landscaping divestment

ISS, the global facility services provider which has its UK head office in Surrey, has agreed to sell its landscaping business in a deal supported by KPMG. ISS UK has exchanged contracts on the sale to Tivoli Group, a company backed by Sullivan Street Partners. The divestment of the landscaping ...
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Irba refers KPMG to disciplinary hearing

South Africa's Independent Regulatory Board for Auditors (Irba) has referred KPMG to a disciplinary hearing following an investigation of its work for Linkway Trading, a project management firm owned by friends of former President Jacob Zuma. Linkway Trading was a project management company in ...
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Auditors board refers KPMG to disciplinary hearing

KPMG has previously refuted allegations that it was involved in, or condoned, any alleged money laundering activities linked to Linkway Trading. “The disciplinary advisory committee resolved that the registered auditor must be referred to a disciplinary hearing,” said Bernard Agulhas, IRBA's chief ...
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Whistleblower warned Carillion about accounting errors

Andrew Dougal, chair of Carillion's audit committee, said KPMG – the contractor's auditor - had not picked up the “sloppy accounting” when carrying out the audit of the company's books. However, Carillion's board rejected carrying out an independent review, instead asking KPMG to take a second look ...
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MPs say whistleblower warned Carillion bosses of irregularities

Minutes of board meetings described her as "whistleblowing", said the MPs, adding that her revelations threw up serious questions, not least for Carillion's auditors, KPMG. Mrs Mercer's concerns triggered a review of contracts, although the board's initial decision to have an independent element was ...
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Carillion last finance chief blew whistle on sloppy accounting

“That the next chief financial officer had to go through whistle blowing procedures to get her concerns about accounting irregularities taken seriously by the Carillion board is extraordinary. “So too is that the board's response was to reject an independent review and get KPMG, their pet rubber-stampers, ...
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Polarised community despite greater transparency

by Mark Eggleton. This content is produced by The Australian Financial Review in commercial partnership with KPMG. At a time when technology and the growth of big data has probably made global business and government more transparent, it's interesting to note trust in business, government and ...
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Integrated reporting: Telling the whole story has become the trend for business

This content is produced by The Australian Financial Review in commercial partnership with KPMG. It is ironic that, going by the Edelman Trust Barometer, Australians do not trust business, when arguably, business tells the world more about itself than ever before. Although it is not required by law in this ...
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Customer always the key but other relationships also vital

The relationships with stakeholders are all part of "the story" that an organisation tells, says Richard Boele, partner and human rights and social impact leader at KPMG Australia – and that is the source of what its customers expect when they "come into the shop". There are two main ways that an ...
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Taking a stand can boost CEOs in eyes of public

This content is produced by The Australian Financial Review in commercial partnership with KPMG. While in some respects the Edelman Trust Barometer 2018 made for gloomy reading for Australian business – Australia's trust in business sits at 45 per cent in 2018, down from 48 per cent in 2017 and ...
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Work is halted at Ulster university's building site as insolvency experts go in

And the Belfast Telegraph can reveal that business advisory firm KPMG will be appointed as administrator in a High Court hearing tomorrow. The university has said that joint venture partner Somague will pick up the work. However, staff at other companies on-site have been laid off as discussions begin ...
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Labor pounces on NSW stadiums reports

It follows a leaked cost-benefit analysis by consultants KPMG that suggests demolishing and rebuilding Allianz Stadium would merely "break-even". While a simple refurbishment would deliver "significantly negative net economic outcomes", the economic return on a rebuild would be no greater than the ...
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FG to local firms: Beat NIPCO's acquisition record

According to her, KPMG had to be given the job to ensure extreme fairness, diligence and acceptability locally and globally. She said the FG had no hand in the selection process and final determination of the eventual winners, stressing that KPMG only brought the award recipient's list few hours to the ...
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Secret plans reveal Allianz must be bulldozed

THE top-secret business case behind the redevelopment of Allianz Stadium reveals demolishing and rebuilding the arena delivers significantly more economic benefit than any other option. The Daily Telegraph has obtained the executive summary of the KPMG business case dated January 2018, ...
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Carillion finance director blew the whistle on irregular accounting, board papers show

Andrew Dougal, chair of Carillion's audit committee, said KPMG had not picked up the “sloppy accounting” when carrying out the audit of the company's books. However, the board rejected carrying out an independent review, instead asking KPMG to take a second look at the accounts as part of a review ...
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Carillion finance director raised alarm in May

Ms Mercer's revelations triggered a review of contracts and threw up some serious questions, not least for the company's auditors, KPMG, and whether the 2016 year-end traded position could still be supported. This led to a £845m provision announced on July 10 2017. The company collapsed just six ...
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Whistleblower warned Carillion bosses about irregularities, MPs told

The board also said it would launch a part-independent investigation into why the errors had not been picked up by the auditors KPMG but later opted to exclude any independent oversight. The latest revelations are contained in copies of Carillion's board minutes from May last year, which were ...
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MPs criticise Carillion directors for not listening to concerns

"That the next Chief Financial Officer had to go through whistle blowing procedures to get her concerns about accounting irregularities taken seriously by the Carillion board is extraordinary. "So too is that the board's response was to reject an independent review and get KPMG, their pet rubber-stampers ...
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Zuma Charges Redux: Where are the key players now?

They may have also pointed to the fact that one key piece of evidence – a KPMG report into the financial relationship between Schabir Shaik and Jacob Zuma – was prepared by the same KPMG auditor responsible for the flawed report into the SARS “rogue unit”. In addition, the NPA's senior prosecutors ...
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Central Bank of Ireland warns there could be a 'disorderly failure' of CBL Insurance Europe if it isn't ...

Coming back to the Central Bank of Ireland, it has applied to appoint KPMG's Kieran Wallace a provisional administrator of CBLIE. It says: “The Central Bank has been engaging with CBLIE over a number of months seeking remediation of its regulatory issues, including the weaknesses in its financial ...
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KPMG Bay Area leader steps down, triggering leadership shuffle

Accounting firm KPMG said Monday that Bay Area leader Debbie Messemer will retire at the end of September, handing the reins to Lisa Daniels, who previously led the firm's Silicon Valley market. Daniels will assume Messemer's roles as managing partner of its Bay Area market as well as the leader of ...
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NIPCO Bags Petroleum Summit Award B

Earlier while presenting the list to the gathering KPMG Associate Director, Tokunbo Osinowo, said that the award process was very transparent with set parameters for all categories of award adding that there were no interference of any sort from anywhere. NIPCO team at the event included the ...
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Abdulsalam Abu Issa is new CEO of Salam International

The general assembly approved the auditors' report by KPMG detailing the company's consolidated balance sheets and profit and loss statement for the year ending December 31, 2017 that showed a net loss of QR100.7mn. Qatar and Pakistan to hold business, investment opportunities conference
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NASDAQ:OBLN Shareholder Notice: Lawsuit Alleges Misleading Statements by Obalon ...

On January 23, 2018, Obalon Therapeutics Inc announced that it was canceling its previously announced public offering after its auditor, KPMG LLP, received a complaint from a "purported whistleblower" alleging "improper revenue recognition" during Q4 2017. Shares of Obalon Therapeutics Inc ...
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Commercial coal mining: A question of ecosystems

... dominated by a state-owned monopolist. Just a week before the Union Cabinet approved the methodology for commercial mining, Coal India Ltd released the draft Coal Vision 2030 that suggested that the country does not need new mines. The report is drafted by KPMG India, an independent agency, ...
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Form NSAR-B LEGG MASON PARTNERS VARI For: Dec 31

Changes in Registrant's certifying accountant On August 14, 2017, KPMG LLP ("KPMG") resigned, at the request of Western Asset Core Plus VIT Portfolio and Western Asset Variable Global High Yield Bond Portfolio (the "Portfolios"), each a series of Legg Mason Partners Variable Income Trust, as the ...
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Tavistock to launch hotel brand at Lake Nona

The first two properties to arrive under the Tavistock Hotel Collection brand will break ground this year in Lake Nona — home to the 650-acre Lake Nona Medical City, KPMG's national training center, the National Campus of the Unites States Tennis Association, and Steiner + Associates mixed-use Lake ...
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Private Equity Jobs of the Week: GCM Grosvenor, Neuberger Berman, UBS are hiring

KPMG is seeking an associate to join its private equity group. Responsibilities include delivering and building corporate organization structures of PE firms and their portfolio companies using various data sources, facilitating the audit clearance process by helping to ensure data quality and accuracy, ...
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Carillion inquiry: missed red lights, aggressive accounting and the pension deficit

This was a similar theme in the session interviewing Carillion's auditors, as KPMG were grilled over why they had signed off on Carillion's 2016 accounts on 31 March 2017, just months before the construction company issued its first profit warning in July and announced a £845m write-down in the value ...
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Ace Ncobo and Danny Jordaan in Safa presidential election race

According to KPMG Auditors who received the nominations, a total of 53 nominations were submitted with incumbent SAFA President, Dr Danny Jordaan receiving 52 nominations while former referee, Ace Ncobo received 1 nomination. The nominations have been forwarded to all SAFA members and ...
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Public service craft endangered by trend to use consultants

"Traditional models are hierarchical, generalist, and built on outdated assumptions about how governing occurs," she said. The ANAO report found that the "big four" consultancy companies - KPMG, Deloitte, PriceWaterhouseCoopers and Ersnt and Young - earned almost $2 billion in consultancy ...
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LinkedIn Surveyed 8800 Hiring Authorities and Uncovered the 5 Best New Interviewing Trends

To improve the experience, KPMG is turning to video interviewing technology. Head of People and Culture Transformation for KPMG, Nikki Harrison, said offering video has been a huge help. "These more relaxed videos help us assess candidate impact, communication skills and answers to behavioral ...
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Oyster Yachts assets up for sale after officially going into administration

KPMG's Neil Gostelow and Mark Orton have been named joint administrators of Oyster Marine having already been put in charge of the running of its parent company Oyster Marine Holdings on February 7. Oyster Marine employed around 180 people at its boatyards in Wroxham and also had a site in ...
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Accounting News Roundup: Forever Tax War; GE's Fresh Blood; KPMG's Carillion Excuse | 02.26.18

Accounting News Roundup: Forever Tax War; GE's Fresh Blood; KPMG's Carillion Excuse | 02.26.18 ... In testimony before U.K. MPs, a KPMG partner explained “that he had taken comfort from the fact that 73 per cent of broker reports were positive or neutral on Carillion when he signed off on the ...
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Central Bank moves to prevent 'disorderly failure' of CBL Insurance Europe

It said its application to the High Court to have an administrator appointed to CBLIE was approved today and Kieran Wallace of KPMG was appointed as provisional administrator. "In the absence of taking this action, it is the Central Bank's view that there could be a disorderly failure of CBLIE," the bank's ...
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Goldman May Sell Its $1.4 Billion New European HQ in London

Strong demand from overseas investors has led companies including Lloyds Banking Group Plc and KPMG to sell and lease back their London headquarters in the past year. Rising prices have pushed yields for the best buildings in the City of London financial district to a record low of 4 percent as the ...
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Goldman Is Said to Weigh $1.4 Billion Sale of New European HQ

Strong demand from overseas investors has led companies including Lloyds Banking Group Plc and KPMG to sell and lease back their London headquarters in the past year. Rising prices have pushed yields for the best buildings in the City of London financial district have been at a record low of 4 ...
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Administrators market assets of troubled Southampton yacht builder Oyster

Interested parties should contact: Andrew Stone (andrew.stone@kpmg.co.uk) or Will Lewis (william.lewis@kpmg.co.uk). Neil Gostelow comments: “There is a lot of interest in the market and we would encourage any more interested parties to make contact as soon as possible. We are working with a ...
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GST: KPMG Survey highlights increased burden, problematic GSTN portal, less time for getting ready

The Goods and Services Tax (GST) was implemented on 1 July 2017. Over the last seven months the industry faced many obstacles and hurdles, in terms of getting ready for GST, pricing, transition of credits, IT systems, operational issues on obtaining refunds and filing of returns, finds a survey ...
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Carillion: MPs reveal FD dumped shares

Mr Khan added that “satisfactory performance of these contracts would have helped the company's cashflow and net debt position”. Last week KPMG told the Carillion inquiry it did not recognise the company's £200m claim against a Qatari client and could not say whether Carillion owed the client money ...
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Private consultant KPMG provided initial cost estimates for Sydney stadium rebuilds

In response to questions on KPMG's role and the lack of Infrastructure NSW involvement in the original stadium quotes, Mr Ayres would only say: “The NSW government is awaiting the final business case for Allianz Stadium and Infrastructure NSW is developing a strategic business case for ANZ Stadium ...
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Administrators set deadline for sale of Oyster Yachts

KPMG has set a deadline of Friday March 2 for any parties interested in acquiring Oyster Yachts to come forward. Operations ceased at the British boatbuilder earlier this month (February 5) and Neil Gostelow and Mark Orton were appointed as administrators shortly afterwards. The administration has ...
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Demolishing and rebuilding Allianz Stadium would generate more economic benefit, plans reveal

The Daily Telegraph has obtained the executive summary of the KPMG business case dated January 2018, currently being prepared for the Berejiklian government. The KMPG documents, labelled “sensitive — NSW cabinet” boost the state government's case to demolish and rebuild the Moore Park ...
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Community outranks shareholders, directors say

Chairwoman of KPMG Alison Kitchen and AICD CEO Angus Armour agreed that "trust" and "culture" will be the hot topics at this year's summit. More than 94 per cent of directors surveyed highlighted trust as a key issue with the potential to damage organisations but warned they don't have a proactive ...
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Ace Ncobo to challenge Jordaan for SAFA presidency

Cape Town - Two Presidential nominations were received by close of business on February 23 as SAFA prepares for the March 24 Elective Congress to elect new office bearers. According to KPMG Auditors who received the nominations, a total of 53 nominations were submitted with incumbent SAFA ...
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India must not get complacent, continue with reforms: William Thomas, KPMG

Talking to ET Now, William Thomas , Global Chairman, KPMG , says there is no place for complacency as the reforms are great but they are the start and not the end. Edited excerpts: How is the Indian market as an investment destination for the global investor? Long-term investors will be looking for ...
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Nominees for Safa presidential position announced

“According to KPMG auditors who received the nominations, a total of 53 nominations were submitted with incumbent Safa president, Dr Danny Jordaan receiving 52 nominations while former referee, Ace Ncobo received 1 nomination. “The nominations have been forwarded to all Safa members and ...
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SAFA confirm Danny Jordaan and Ace Ncobo as presidential nominees

'According to KPMG auditors who received the nominations, a total of 53 nominations were submitted with incumbent SAFA president, Dr Danny Jordaan receiving 52 nominations while former referee, Ace Ncobo received 1 nomination. 'The nominations have been forwarded to all SAFA members and ...
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KPMG has launched a new customer, brand & marketing advisory practice in Adelaide

Kathryn Murray, who has spent more than 20 years in marketing and consulting, joined KPMG as an associate director last month, to lead the local arm of the firm's customer, brand & marketing advisory practice. Most recently, Ms Murray has led a major transformation of NSW insurance provider icare, ...
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Top stocks in focus on 26 February 2018

Videocon: The lenders of bankrupt Videocon Industries have appointed consulting firm KPMG as resolution professional, replacing Alvarez & Marsal, two senior bank executives said. The decision to appoint KMPG was taken after the lenders decided to invite fresh bids for the post of resolution ...
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KPMG sells $2bn super admin business

KPMG has entered into an agreement to sell its superannuation administration business, which has about $2 billion in funds under management. KPMG Superannuation Services was established in 1989, initially for a single superannuation fund client. This was later expanded to other funds, and the ...
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'State is a platform for innovators and entrepreneurs'

Industry 4.0. Akhil Bansal, CEO of KPMG India, said the country has all the ingredients needed to lead the industry 4.0. “Strength of technology, demographic advantage and amalgamation of hardware, software and analytics will make India the leaders in 4.0. The journey has already begun,” he added.
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KPMG offloads super admin to OneVue

KPMG has decided to exit the super fund administration business, announcing a deal this morning to sell its $2-billion funds under management KPMG Superannuation Services division to OneVue. “While it has historically formed part of the broader Australian KPMG network, changing market dynamics ...
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KPMG sell super business to OneVue

KPMG Australia has entered into a transaction to seek its Superannuation Services Business to OneVue. The two companies confirmed the transaction today meaning that OneVue will be taking control of what represents the fourth-largest external fund administrator in Australia with almost $2 billion in ...
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SEC set to complete review of 2GO audit

RG Manabat, the local partner of international accounting firm KPMG, was the auditors of the 2016 and 2015 financial statements of 2GO Group. Former 2GOGroup Inc. chief Sulficio Tagud Jr. denied the allegations. The SEC in July launched an investigation into the financial reporting issue. The SEC's ...
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Group appoints chair, non executive directors

LEAP Africa has appointed Mr. Udeme Ufot, the co-founder and group managing director, SO&U as its board chair. Also, the non-profit organisation has appointed Mr. Seyi Bickersteth, former national chairman, KPMG Africa and Mr. Chike Maduegbuna , chief executive officer of Afrinolly Limited as ...
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Sir Vince Cable calls for investigation into auditors

The leader of the Liberal Democrats has sent a letter to the competition regulator after evidence at Commons' committee hearings appeared to illustrate audit failings by KPMG. The joint committee conducting the investigation separately released evidence showing that Richard Adam, the finance director ...
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KPMG sells super admin business

KPMG Australia is set to sell KPMG Superannuation Services to ASX-listed business OneVue. The sale was announced this morning, and is expected to be completed by April. “While it has historically formed part of the broader Australian KPMG network, changing market dynamics make it more suited ...
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How about Google Earth for the Underworld?

It's one of the fruits of a series of thought leadership workshops undertaken by KPMG in the UK to “consider how we could use new technologies in infrastructure development, maintenance and operation to improve our lives, reduce costs, and create economic growth.” Drawing parallels with Google ...
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Training and skills are the new focus as the education debate does an about turn

Earlier reforms by the Labor party merged specialists colleges of advanced education with universities. This weakened the whole business of high-end skills training and and removed a focus on excellence in vocational training and education. National sector leader, education, at KPMG, Stephen Parker ...
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IAF, aerospace industry keen on setting up drone testing centre in state

Besides moderator Amber Dubey (partner and head of aerospace and defence sector at KPMG), the panellists included Arunakar Mishra (CEO and MD of Genser Aerospace), V Venkata Raju (chairman and MD of VEM Technologies), Anil Gupta (country head of Military Aircraft Airbus), Air Marshal ...
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AP Govt should work with private sector

Amber Dubey of KPMG said that Andhra Pradesh Government has been encouraging investments in aviation and defence sectors. CEO, Jensor Aerospace Arunakar Misra said state should achieve self sufficiency in production of components in aviation and defence sectors. Air marshal Aswani K Nabh, ...
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Accountants, if you don't want to head down the same rocky road as the bankers, get a grip

Against that, versus the backdrop of the Carillion debacle, and harm to thousands of livelihoods, Hinchliffe from KPMG said: “To deliver the quality audit that we have to, we need scale. We need to have specialist resources.” Accountants, if you do not want to head down the same rocky road as the banks, ...
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Gottliebsen: Labour hire bill's deadly intent

The bill defines labour hire companies in a way that obviously encompasses conventional labour hire groups like Hays, Adecco, Chandler Macleod, Manpower, Paxus, and Programmed. But it goes much further and covers all the major consultancy firms including Deloitte, PwC, Accenture, and KPMG.
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Parle to hike prices, reduce quantity of biscuits in some packs as GST bites

A marginal price increase may be still acceptable by masses compared to a size and quantity reduction as people know there will be a gradual price increase in everything,” said Sreedhar Prasad, partner and head of consumer markets at KPMG. The bulk of Parle's business is, indeed, no longer in the ...
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Brian Britton - a man for all seasons

Brian had a sharp brain and he was soon to join Stokes, Kennedy, Crowley now known as KPMG where he rose to a senior management position. Keen to get involved in the business world he joined Greenore Ferries for quite some time and later joined the Goodman Meat empire where he rose to the ...
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Abraaj's Naqvi cedes control of funds division in reshuffle

Abraaj, which manages about $13.6 billion (Dh49.9 billion), announced its reorganisation publicly weeks after facing allegations that money in its health-care fund had been misused. The firm this month said a review by KPMG found no wrongdoing, and that all payments and receipts had been properly ...
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KPMG executive says businesses not using free-trade benefits

Leonie Ferretter, KPMG trade and customs director, said government programs aiming to increase the number of small and medium-sized businesses using trade agreements were not working. “You'd like to think that, year on year, you'd be seeing a much greater use of free-trade agreements in place, ...
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Sex codes not bans needed in workplace, AFR readers

Firms including PwC, KPMG and Medibank said they have codes of conduct which require disclosure, rather than blanket bans. "I think you'll find most of the large corporations have very, very, strict policies on this, they certainly have incredibly strict policies about harassment," Business Council of ...
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'AP leads in transformation'

KPMG India launched a report titled 'Andhra Pradesh: Leading the transformation' at the CII Partnership Summit here on Saturday. The report covers the transformation journey of Andhra Pradesh and provides a fair understanding of key reforms undertaken, progress made and the way forward for the ...
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Rule abiding UK businesses and farmers hit hardest by food fraud

The company had six production sites across England and Scotland and supplied meat to the catering trade, including the Wetherspoons pub chain. 266 staff were made redundant. Joint administrator Chris Pole of KPMG, said the product recall and halt in operations caused 'significant customer attrition ...
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CHS grad appointed EPA CFO

"Prior to my time at the EPA, I worked as a certified public accountant with the public accounting firms EY and then KPMG," Greaves said. "I accepted a position in January 2017 at the EPA as a political appointee with the title senior advisor to the administrator for budget and audits." An agency CFO is to ...
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Management Consulting Services Market: Evolving Technology, Trends and Industry Analysis ...

Management Consulting Services Market competition by top manufacturers/players, with Management Consulting Services sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including: Government, Deloitte Consulting, PwC, EY, KPMG ...
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Security Advisory Services Market Analysis and Growth Forecast by Applications, Sales, Size ...

Security Advisory Services Market competition by top manufacturers/players, with Security Advisory Services sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including: PWC, EY, Deloitte, KPMG, Kudelski Security, Coalfire, Cyberisk, ...
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SAFA elections could be thrown into disarray

It has also questioned KPMG's involvement in accepting nominations on behalf of Safa after the auditing firm terminated its contract with the football association last month. “The gross irregularity here is that Safa's previous auditor, KPMG, terminated the contract a year before it expired,” read Safsa's ...
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Accountants, if you don't want to head down the same rocky road as the bankers, get a grip

KPMG were the collapsed contractor's external auditors, and Deloitte, its internal auditors. Doubtless, Peter Meehan and Michelle Hinchliffe from KPMG, and Michael Jones of Deloitte, were heavily rehearsed for their appearance before two Commons select committees. But judging by their performance, ...
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Benchmark International

Businesses named on this list include KPMG, Ernst & Young, LLP, Deloitte, Goldman Sachs & Co., JP Morgan, Morgan Stanley, amongst others. With the distinction of being listed in the same category as M&A industry giants, Benchmark International is showing we are an invaluable asset to any ...
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North America and Europe Corporate Secretarial Services Research Report Forecast 2018 ...

TMF Group, PwC, Deloitte, Vistra , Mazars Group, KPMG, ECOVIS, MSP Secretaries , Elemental CoSec, Luther Corporate Services, A.1 Business , Rodl and Partner, EnterpriseBizpal, Conpak, BDO International, JandT Bank and Trust , Eversheds Sutherland, Grant Thornton, Equiniti, French Duncan, ...
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ECONOMIC SCAN

MUMBAI: Lendingkart Technologies Private Limited (a Lendingkart Group Company), one of a leading Fintech company in India and the only Indian Fintech player featuring in the Global Top 50 Established Innovators list published by KPMG, announced that it is raising over US$87 million (Rs 565 ...
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Budget 2018: More can be done to spur innovation-led growth

... economy from value-adding to value-creation, through a slew of measures to support more firms to innovate. With the merger of SPRING and IE Singapore, one of KPMG's recommendations for the Budget was for the government to provide more streamlined support across the lifecycle of an enterprise.
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Founder of private equity firm Abraaj steps down from day-to-day control of fund

The reorganisation comes weeks after Abraaj said it had hired global auditing firm KPMG to look into the finances of its healthcare fund after a reported dispute with some its investors in the fund. ADVERTISING. inRead invented by Teads. Omar Lodhi and Selcuk Yorgancioglu were appointed as co-chief ...
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Abraaj's Naqvi relinquishes control of funds business in major organisational shakeup

Abraaj dismissed the reports as “inaccurate and misleading” and said unused capital in AGHF was returned in December following discussions with investors. On February 8 the company said that a KPMG review of the firm's health fund found no misuse of funds. Mr Naqvi declined to comment when ...
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Corporate Secretarial Services Market Study Report 2023 Product Overview & Scope, Share of Key ...

Some of the key vendors partaking in Corporate Secretarial Services market share have been enlisted as TMF Group, PwC, Deloitte, Vistra, Mazars Group, KPMG, ECOVIS, MSP Secretaries, Elemental CoSec, Luther Corporate Services, A.1 Business, Rodl & Partner, EnterpriseBizpal, Conpak, BDO ...
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Cisco and AT&T partner on smart cities solutions

Under that alliance, Cisco said it would meld its technology and solutions with KPMG's IoT capabilities to provide an end-to-end open framework including the provision of advisory, technology, platform, support, and operations services. The Cisco Smart+Connected digital platform had at the time ...
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