A former KPMG LLP senior audit partner faces federal criminal and civil charges for his involvement in a web of deceit that included tipping off a friend about upcoming corporate earnings releases and merger announcements.

KPMG LLP has resigned as auditor at the nutritional products maker Herbalife Ltd. and the footwear retailer Skechers USA Inc. because a senior partner at the accounting firm who was involved with their accounts was being investigated for insider trading.

The partner in charge of KPMG's audit practice in Los Angeles was fired immediately after the firm learned late last week of the partner's involvement in providing nonpublic client information to a third party and using the information in stock trades involving several companies.

In the wake of the international financial crisis, accounting industry professionals are taking a close look at corporate reporting and calling for reform.

The shift of IT systems to Cloud computing from an in-house infrastructure is proving more expensive and more complicated than first anticipated, according to KPMG International's "The Cloud Takes Shape" survey.

Almost half of senior executives polled said they don't expect an agreement on the so-called "fiscal cliff" negotiations by year-end, according to a survey of more than 2,500 business leaders conducted by KPMG's TGI.

On December 6, KPMG's Tax Governance Institute will host a webcast featuring insight and perspective from key Washington insiders on what may result from negotiations on the "fiscal cliff" and business tax reform.

Globalization, talent constraints, and new technology pose significant opportunities for material change in human resources, according to new research.

KPMG LLP survey results show that a majority of tax departments are being left out of Cloud decision-making discussions, raising the possibility of tax risks, lost cost-saving opportunities, and decreased ROI for Cloud projects.