KPMG

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.
Education & Careers

Judge Rules KPMG Gender Discrimination Suit Can Proceed

A class-action gender discrimination lawsuit filed by five former KPMG LLP female professional employees against the Big Four accounting firm may go forward, a US district court judge in New York ruled February 7.
Tax

KPMG Survey: Senior Execs Weigh In on Fiscal Cliff

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.
A&A

Responsibility Reporting Is Getting More Attention

Surveys highlight increased prevalence and value of sustainability and corporate responsibility reporting for public companies, but lack of standardization and notable failures show that more needs to be done before these reports can be truly reliable.
Education & Careers

KPMG Webcast to Examine 'Fiscal Cliff' and Business Tax Reform

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.
Tax

Business Leaders Prepared to Give Up Tax Incentives

Business leaders are coming to the realization that if they want to see meaningful US corporate tax reform, they will need to give up some tax preferences in exchange for a lower statutory corporate tax rate, according to a survey by KPMG LLP.
Education & Careers

HR Needs to Step Up Tech Usage to Show Value to Their Business

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

Webcast Explores VAT Implications in the Cloud

KPMG LLP will host a webcast focused on the value-added tax implications of doing business in the Cloud. The webcast will be broadcast tomorrow - September 19 - from 2:00 to 3:00 p.m. ET.
Technology

Tax Departments and the Cloud

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.
Practice

BDO Accepts Deferred Prosecution Agreement

BDO USA LLP (BDO) the seventh largest US accounting firm, agreed on June 12 to pay a civil penalty of $34.4 million to the IRS and forfeit $15.6 million to the US government as part of a deferred prosecution agreement.
A&A

KPMG Survey: New Excise Tax Will Hit Medical Device Companies Hard

Financial executives in the medical device manufacturing industry predict that a new excise tax and the burden of its related compliance costs will have a negative impact on their company bottom lines, according to a survey conducted by KPMG LLP, the audit, tax, and advisory firm.
Community News

KPMG and Phil Mickelson Partner to Kick-off 'Blue for Books' Campaign

KPMG LLP and golf champion Phil Mickelson have paired to launch "Blue for Books," a nationwide charitable initiative designed to put thousands of books into the hands of children in need, through the sale of KPMG blue golf hats, just like the KPMG hat that Mickelson wears on tour.
Community News

Big Win for Accounting Profession in New Jersey Supreme Court

In a unanimous decision, the New Jersey Supreme Court on February 16 reversed an Appellate Court decision in a case brought by a third party that found KPMG LLP guilty of negligence for failing to uncover accounting fraud by a former client, Papel Entities.
Practice

KPMG to Offer Tax Offsets to LGBT Employees

KPMG LLP announced it now offers its lesbian, gay, bisexual, and/or transgender (LGBT) partners and employees offsets for the additional federal and state tax costs incurred when they pay for same-sex domestic partner medical benefits. The tax equalization benefits will cover the 2012 tax year.
Practice

Pippins v. KPMG LLP - What It Could Mean for Your Company

Employers who have faced potential class action wage-and-hour lawsuits know what a headache they can be. Due to a recent case, employers have a lot more to worry about. That case, Pippins v. KPMG LLP, has caused tremendous turmoil and confusion among those who follow employment litigation and electronic discovery.

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