KPMG

A&A

KPMG Settles SEC Charges Over Violating Auditor Independence Rules

KPMG LLP has agreed to shell out $8.2 million to settle charges from the US Securities and Exchange Commission, which found that the Big Four firm violated auditor independence rules by providing certain nonaudit services, such as bookkeeping, to affiliates of companies whose books KPMG was auditing.
Tax

KPMG Outlines Top Dozen Business Tax Issues for Next Year

From taxation of Cloud-related activities and the prospect for US and international business tax reform to the implementation of the Foreign Account Tax Compliance Act (FATCA), there are several key tax issues facing business executives in 2014, according to Big Four firm KPMG LLP.
Practice

KPMG Survey Finds M&A Activity May Surge Next Year

Sixty-three percent of the more than 1,000 M&A professionals, investors, and advisors surveyed recently by Big Four firm KPMG LLP believe their US companies or clients will initiate at least one acquisition next year.
Education & Careers

KPMG Survey: Higher Education Leaders Worried about Enrollments

The percentage of higher education leaders who are "very concerned" about their ability to maintain current enrollment levels is on the rise, according to the second annual Higher Education Outlook Survey conducted by KPMG LLP.
Education & Careers

KPMG Foundation Awards $450,000 in Scholarships to Minority Accounting Doctoral Scholars

The KPMG Foundation announced it has awarded a total of $450,000 in scholarships to minority accounting doctoral students for the 2013-2014 academic year.
Tax

Large Chunk of Taxes Taken from Mickelson's UK Winnings

Phil Mickelson recently had about as perfect a two weeks in the United Kingdom as any professional golfer could hope for. Unfortunately for him, approximately 61 percent of his winnings will go to taxes.
Education & Careers

Making Dreams a Reality: Beta Alpha Psi Hosts Annual Meeting

What better place to encourage people to make dreams a reality than at the very doorstep of Disneyland Park in Anaheim, California. That's where BAP will host its 2013 Annual Meeting.
A&A

Ex-KPMG Partner Faces Twenty Years in Prison for Securities Fraud

A former senior audit partner at KPMG LLP agreed to plead guilty on May 28 to a securities fraud charge for his role in an insider trading case involving a Los Angeles jewelry store owner.
A&A

LA Jeweler Pleads Guilty in KPMG Insider Trading Case

Los Angeles jewelry store owner Bryan Shaw faces a maximum of five years in prison after he pleaded guilty May 20 for his role in an insider trading case involving a former senior audit partner at KPMG LLP.
Tax

Top Countries Using Tax Code to Shape Sustainable Corporate Activity

The United States ranked first among twenty-one countries most actively using the tax code to influence sustainable corporate activity, according to the inaugural edition of the KPMG Green Tax Index.
Practice

Mix of Old and New Comprise 2014 Vault Accounting 50

Vault.com released its 2014 Vault Accounting 50, a ranking of the fifty best accounting firms in the nation to work for. The survey asked more than 7,900 accountants to assess their peer accounting firms on a scale of one to ten based on prestige and quality of life factors.
A&A

Former KPMG Partner Scott London Charged with Insider Trading

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.
A&A

KPMG Insider Trading Scandal Latest Blow to Accounting Industry's Reputation

The insider trading scandal that has engulfed KPMG LLP, causing it to resign as auditor at two companies and fire a partner, contributes to the negative image the public accounting industry gained due to its role in the run-up to the 2008 financial crisis.
A&A

KPMG Resigns as Herbalife and Skechers Auditor Over Alleged Insider Trading

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.
Practice

Financial Outsourcing Services Seen Growing 8 Percent Annually Through 2017

Global spending on finance and accounting business process outsourcing (F&A BPO) services will exceed $25 billion in 2013 and rise at an annual compound growth rate of 8 percent through 2017, according to research by accounting firm KPMG and HfS Research.
A&A

KPMG Fires L.A. Partner Over Alleged Insider-Trading Tips

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.
Tax

Is This the Year for Tax Reform?

Is 2013 shaping up to the year of tax reform? "There are more proposals this year than we have seen in the last five years, and an unprecedented number of major state tax reform proposals," said Harley Duncan, a managing director at KPMG.
A&A

Accounting Industry Leaders Want Changes to Corporate Reporting

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

KPMG Book Donation Program Tied to Pro Golfers' Tournament Wins

KPMG is leveraging its sponsorship of two top professional golfers – Phil Mickelson and Stacy Lewis – by donating 5,000 new books to local schools for each tournament victory the golfers achieve this season.
Technology

KPMG Survey Finds Shift to Cloud Presents Unexpected Challenges, Costs

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.

Pages