The U.K.’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for potential fines ahead as auditing scrutiny grows. Reports in the Financial Times said the U.K. Financial Reporting Council’s ongoing investigation...
As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports that the conglomerates are gearing up to offload some of its riskiest corporate clients. The publication reported Wednesday (Aug. 7) that the U.K....
Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. The most recent case is rooted in the U.S., where the Securities and Exchange Commission (SEC) has settled its case with KPMG for $50 million. Reports in...
The crisis that has hit China’s corporate community is worsening after the suspension of trading of Kangmei Pharmaceutical shares, The Wall Street Journal reported Monday (May 20). Kangmei is one of two Chinese conglomerates that recently raised investor and regulatory concerns over a combined $6 million...
