Britain's accounting watchdog has opened a full review of standards and cul...
LONDON - Britain’s accounting watchdog has opened a full review of standards and culture at KPMG, its first such intervention, after the audit firm’s role in collapsed construction company Carillion was criticized by lawmakers.
“Following that referral and discussions with KPMG, the FRC, supported by A&O Consulting, has commenced an assessment of the governance, controls and culture within KPMG’s audit practice,” the FRC said on Tuesday. “With this in mind, we welcome that the FRC has commenced an assessment of our audit practice. The FRC is being supported by Allen & Overy Consulting, led by Sally Dewar,” KPMG said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
For GE, Dropping KPMG Won’t Be EasyGE has signaled it may want to switch to a new auditor, after more than a century with KPMG. But the only other audit firms big enough to take on GE’s massive audit all have potential conflicts of interest that could block them from doing so.
Read more »
Weaker than ever, UK PM May tries to force her Brexit deal throughBritish Prime Minister Theresa May will address her Conservative lawmakers on We...
Read more »
Eurosceptic UK lawmakers challenge PM May over Brexit delay - letterPro-Brexit Conservative lawmakers have written to UK Prime Minister Theresa May to raise 'serious legal doubts' over her decision to delay Britain’s departure from the European Union
Read more »
European rather than UK stocks would suffer more in a no-deal Brexit, fund manager saysThe shares of European firms outside of Britain would suffer more in the event of a poorly executed Brexit, a strategist told CNBC Tuesday.
Read more »
Factbox: How might UK parliament's 'indicative votes' on Brexit work?British lawmakers voted on Monday to wrest control of the Brexit process from go...
Read more »
UK MPs 'finally' take control of Brexit, German conservative saysGerman conservative lawmaker Norbert Roettgen on Tuesday welcomed British parlia...
Read more »
Head of UK Conservative eurosceptics: it's May's deal or no BrexitThe leader of a faction in British Prime Minister Theresa May’s Conservative Par...
Read more »
Daily Briefing: UK parliament takes control, sort ofDaily Briefing: - UK parliament votes to seize control of Brexit for a day - New data on the French economy is good news for Macron - European parliament to vote on daylight-saving clock changes
Read more »
UK lawmakers who want no-deal Brexit must now back May: ministerBritish Prime Minister Theresa May's Brexit deal is the only way forward fo...
Read more »