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GE cooks the books
in Sox First, on August 9, 2009
...9;s locomotives shenanigans to Enron's barges deal and raises questions about GE's auditors KPMG. Echoes of Arthur Andersen. Accounting commentator J. Edward Ketz says the Securities and Ex...
Auch Luxusgegner kaufen manchmal Luxus
in Worldwide Luxus, on 30.07.09
...rsuchung nur 14 Prozent der Bevölkerung- jedenfalls in einer Studie der Wirtschaftsprüfer von KPMG, in der nicht etwa die Superreichen befragt wurden, sondern ein repräsentativer Querschnitt aus 3000 ...
Shorter week on its way
in Sox First, on February 12, 2009
...d, companies are cutting costs by putting their workers on a four day week. But are developments at KPMG a sign of the future? An Accountancy Age report says that 70% of KPMG staff in the UK have ap...
The axe man cometh: get ready for a shorter working week
in Sox First, on January 28, 2009
...ut the working hours of thousands of staff instead of retrenching them, according to this report . KPMG in Britain is already offering staff four day weeks to avoid sackings, and Siemens is moving...
Reshaping governance: interview with Lord Michael Hastings
in Sox First, on January 10, 2009
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I had a conversation with KPMG's global head of citizenship and diversity Lord Michael Hastings from London. He proposed a radical shake-up of corporate governance around the world. Read o...
Rise of the new consumer
in Sox First, on January 7, 2009
...tead of giving gifts, they'll donate the money to charity on your behalf. As demographic guru, KPMG's Bernard Salt predicts , we will see the rise of a new "judicious" consumer. &q...
Madoff fallout continues to spread
in Sox First, on December 22, 2008
...i schemes are in the gun. As the New York Times reports, questions are arising how big firms like KPMG and PricewaterhouseCoopers, supposedly the experts in this area, could have overlooked the red ...
Fixing broken boards
in Sox First, on December 8, 2008
...nd looked the other way. Clearly, we are in need of some radical solutions. I recently interviewed KPMG's Lord Michael Hastings on this subject. He said what was needed was to change who gets int...
Big Four plan to axe staff
in Sox First, on September 11, 2008
...iece you will see that Deloitte is the only one that's confirmed it's getting rid of staff. KPMG, PwC and Ernst&Young have refused to comment which, when you think about it, is about as cl...
UBS and the tax cheats
in Sox First, on July 18, 2008
... Never stand between an accounting firm and a bag of money. In the past we have seen KPMG getting embroiled in peddling tax havens for the rich. Now we are seeing revelations that UBS ha...
Trouble handling risk
in Sox First, on July 3, 2008
...ompanies are struggling to deal with risk, let alone understand it, according to a new report from KPMG . KPMG found that just about one in four (28 per cent) of audit committee members claimed they...
Another horror week for KPMG
in Sox First, on March 30, 2008
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KPMG's problems seem to go from bad to worse. Earlier during the week, we had reports that the US Government was pushing hard to revive its tax shelter case, promising to play fair this tim...
What happens to enterprise vendors in a cloud scenario?
in The CIO Weblog, on March 29, 2008
...
I read Larry Dignan's summary of Nash/KPMG IT leadership survey yesterday which shows a leadership core in the IT industry that has, as Dignan puts it, "...one eye on the exit." B...
KPMG's indictment
in Sox First, on March 23, 2008
... blog entry at how the US Government was not backing down on its determination to prosecute foremr KPMG partners for peddling dubious tax shelters. That was after Judge Lewis Kaplan had accused the U...
Climate change business
in Sox First, on February 21, 2008
...s agree that climate change is an issue but still haven't worked out a strategy, according to a KPMG study reported here . It hadn't even made it on to the board room agenda of many of the co...
Faulty forecasts
in Sox First, on October 24, 2007
...recasting errors, and the average company forecast is off by as much as 13 per cent. According to a KPMG report, Forecasting with confidence , found that over the past three years only 1 per cent of ...
KPMG case - the Government strikes back
in Sox First, on October 11, 2007
...ional headlines last year when he ruled that prosecutors had violated the rights of indicted former KPMG executives charged with peddling dubious tax shelters . Now the prosecutors are getting ...
KPMG judge attacks US Government
in Sox First, on October 2, 2007
...wing this issue, Kaplan last year ruled that prosecutors had violated the rights of indicted former KPMG executives by pressuring the accounting firm to stop paying their legal fees. As a result, he t...
Siemens smell continues
in Sox First, on September 26, 2007
...ns. In the meantime, the smell is not going away. Investigations are now starting into how much KPMG knew. Debevoise , the law firm appointed to investigate the bribes, will now ask KPMG how come t...
Insurance Offshoring in India
in The Outsourcing Weblog, on September 25, 2007
...tor is looking quite good.
This was the general conclusion derived from the research study done by KPMG regarding the said industry. The study entitled Frontiers in finance: For decision makers in f...
Business Travelers and their Employers Have Compliance Concerns
in Global Mobility Report, on September 20, 2007
...Many Companies Face Increased Tax and Immigration Risks Due to Employees on Short-Term Assignments, KPMG Study Finds , PRNewswire, September 18, 2007, for more information.
...
Missing Iraq dollars: Tales from the Coalition of the Billing
in Sox First, on September 15, 2007
...t off from access while the C.P.A. held power. As a report by the U.N.'s accounting consultant, KPMG, noted dryly, 'We encountered difficulties in performing our duties and meeting with key C....
Good night Gonzo
in Sox First, on August 28, 2007
...deferred prosecution agreements in exchange for fines and co-operation. As Gonzales said in that KPMG deal two years ago, justice has to serve not only the victims but the offenders as well. Funny...
Audit squeeze
in Sox First, on August 25, 2007
...y Sarbanes-Oxley. The study also shows the oligopolistic power of the Big Four with PwC, Deloitte, KPMG and Ernst & Young having a stranglehold on 95 per cent of the big public companies....
The Brocade case: now for the gatekeepers
in Sox First, on August 21, 2007
...uditors , Francine McKenna looks at the question of whether the gatekeepers, including the auditors KPMG, were at all culpable but makes the point that KPMG "put their finger on the issues and st...
Auditors off the hook in the Parmalat case
in Sox First, on August 13, 2007
...eeks have been busy for Judge Kaplan. Last month, he dismissed charges against 13 defendants in the KPMG tax shelter trial. Like the parties in the Parmalat case, they had been accused of aiding, abet...
PCAOB roasts KPMG
in Sox First, on July 30, 2007
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KPMG has been hauled over the coals by the Public Company Accounting Oversight Board for some pretty basic deficiencies. Read through the PCAOB report , and you realize we are talking Accounti...
Gen Y and the looming funds management crisis
in Sox First, on July 25, 2007
... enormous problems for the financial services industry, according to a new report. The report from KPMG demographics expert Bernard Salt, Beyond the Baby Boomers: the rise of generation Y says that...
No Man's Land Fort - Luxusfestung zu verkaufen
in Worldwide Luxus, on 19.07.07
...er inklusive.
Über den erwarteten Preis lesen wir bei Yachting Monthly : Administrators KPMG expect the property to fetch a cool GBP 4 million.
Ein stolzer Preis von umgerechnet gut sechs Millio...
KPMG and justice: waiting for the next instalment
in Sox First, on July 18, 2007
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The fallout from the KPMG tax shelter case continues. Earlier this week, we saw Judge Lewis Kaplan dismissing criminal charges against 13 former partners of accounting giant KPMG. The judge'...
Corporate risk gaps
in Sox First, on July 12, 2007
...issues of climate change, holding on to talent, and terrorism, according to a new report. A global KPMG report, Best practice in risk management has found that more companies were recognizing the r...
KPMG tax shelter indictments to be dismissed?
in Sox First, on June 25, 2007
...osecutors are now urging urging US District Judge Lewis Kaplan to dismiss indictments against 12 ex KPMG executives following his conclusion that the Government had violated their right to counsel, ac...
Blue Race: Chieftain führt
in Das Segel Blog, on 20.06.07
...!" schreibt Inken Braunschmidt, Skipperin der Frauencrew auf der "KPMG". "Gestern haben wir den Sturmspinnaker hochgezogen und im ersten Reff die für uns ersten Geschwindigkeitsrek...
Big threats from KPMG avoided charges
in Sox First, on June 20, 2007
...the Big Four accounting firms? Extremely, or that seems to be the implication from memos written by KPMG lawyers when they were negotiating with prosecutors in 2005, telling them not to prosecute the ...
Tax shelters: first KPMG, now it's Ernst & Young
in Sox First, on May 31, 2007
...eresting is that regulators are going for the individuals, not the firm. Strong echoes here of the KPMG case, a tax shelter fraud that helped the wealthy escape $2.5 billion in US taxes. Last week, ...
Green light for cross-border fraud
in Sox First, on May 26, 2007
...t the click of a mouse button. Now we have evidence that companies are not that well prepared. A KPMG International survey has found that 92 per cent of executives from around the world expect the...
Outsourcing Wisely
in The Outsourcing Weblog, on May 6, 2007
...ew Zealand companies are guilty of such accusations according to the research study done by KPMG . Most companies who are outsourcing do not practice efficiency in this kind of business strate...
Fannie Mae: more of the lawyers' picnic
in Sox First, on April 25, 2007
... the Fannie Mae scandal had turned into litigation city with the mortgage giant suing its auditor KPMG and regulators going for the group's former leaders. Now, as expected, KPMG has hit back. ...
The typical fraudster - male, high level and trusted
in Sox First, on April 19, 2007
...for anyone who thinks the typical fraud perpetrator is lower down in the food chain. Research from KPMG Forensic, reported here , shows that most fraudsters are male, typically aged between 36 and 5...
CIO's - Good Pay, Long hours
in The CIO Weblog, on March 29, 2007
... A survey of 172 CIOs conducted by recruitment firm Harvey Nash Co. and was sponsored by KPMG LLP, Made the following findings
80% of CIO's think their roles are becoming more strategic to th...
Cayman Islands & Hedge Funds
in The Hedge Funds Weblog, on March 27, 2007
...nd retain professionals.
Some representatives from Cayman-based firms, such as Maples and Calder, KPMG, and Walkers, are talking from their own experience about the new topics on the Cayman agenda, ...
India Internatinal Jewellery Show
in The Jewelry Weblog, on March 26, 2007
...DOMESTIC
6. IMPORTANCE OF TECHNOLOGY IN RETAILING
7. HALLMARKING - THE ROAD AHEAD
8. VISION 2015(KPMG)
9. RETAIL TRANSFORMATION IN JEWELLERY INDUSTRY
10. PART 1: MARKET SEGMENTATION
11. PART 2: ...
Taxing times for the Big Four's havens
in Sox First, on March 7, 2007
...y individuals avoiding tax by shifting assets overseas. The report, Closing The Floodgates , says KPMG admits to working in 38 havens but appears to operate in 41, PricewaterhouseCoopers admits to a...
Measuring Outsourcing Benefits
in The Outsourcing Weblog, on February 28, 2007
... According to the study done by KPMG International , 42% of the companies who outsource reveals having no formal way of measuring their outsourcing transactions.
This means that most of these com...
Indian Outsourcing Industry Boom Continues.
in The CIO Weblog, on January 29, 2007
... leaders. Infosys is hosting a private breakfast debate where CEO Nandan Nilekani will be joined by KPMG international chairman Michael Rake, Royal Dutch Shell chief executive Jeroen van der Veer, Pep...
Liability caps ahead
in Sox First, on January 25, 2007
...e. Revenues at the Big Four - PricewaterhouseCoopers, Ernst & Young, Deloitte & Touche, and KPMG - have been growing at double digit levels. The audit firms are raking it in with audit fees so...
KPMG's get out of jail card
in Sox First, on January 5, 2007
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KPMG partners are breathing a sigh of relief with prosecutors officially dropping a criminal conspiracy charge against the accounting firm in an abusive tax-shelter case under a deferred prosecut...
SUV Sales Set To Decline In FY2007
in carzz.org, on January 4, 2007
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According to a report from accounting firm KPMG, the bears outweigh the bulls in the number of automotive industry executives that see any potential for growth in SUV sales this year. In a survey ...
Top 10 business shenanigans for 2006
in Sox First, on December 25, 2006
What a year it's been! The stories have just kept coming, and certainly kept me busy here. Scandals and litigation have all been part of the mix covered by Sox First this year. And Governments and business are copping plenty of heat to lift their game. And it's now coming from all Quar...
Fannie Mae now a lawyers' picnic
in Sox First, on December 19, 2006
...reath. This baby's going to take years. As will Fannie Mae's lawsuit against its auditors KPMG for $2 billion, or about 12 per cent of the accounting firm's earnings. Especially now tha...
KPMG sued for bad numbers on Fannie Mae
in Sox First, on December 16, 2006
...get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion. Fannie Mae's financial woes surfaced this year, some of which I covered so...
Updating accountants
in Sox First, on November 12, 2006
...rt Global Capital Markets and the Global Economy has been put together by PricewaterhouseCoopers, KPMG, Ernst & Young, Deloitte, Grant Thornton and BDO. You can hear a Marketplace Public Radio ...
Accountants rake it, now they want protection
in Sox First, on November 2, 2006
We have talked many times how Sarbanes-Oxley has turned into an El Dorado for accountants. We've explored that here and here and here and here . Not content with that, the Big Four are now moving closer to getting their liability caps, according to news reports . The group looking a...
Interview with Lord Michael Hastings
in Sox First, on October 13, 2006
... I had a chat with Lord Michael hastings , the former journalist turned activist who works as KPMG's international director of corporate citizenship, when he is not sitting in the House of L...
Sustainability reporting: carrots and sticks
in Sox First, on October 11, 2006
Once dismissed as fuzzy and meaningless work from greenies, sustainability reporting seems to be gaining some traction in boardrooms with the release of the latest Global Reporting Initiative . The new G3 guidelines have the support of business leaders like Sir Mark Moody Stuart, Chair of glob...
Call for liability caps
in Sox First, on October 10, 2006
...' Liability Regimes argues, that an Arthur Andersen style action against one of the big four - KPMG, Ernst & Young, PwC and Deloitte - could pose a threat to financial stability of the wider ...
Conrad Black, freedom fighter
in Sox First, on September 24, 2006
Beleaguered media baron Conrad Black has taken self-delusion to a new level. Not only is he innocent of plundering millions of dollars from his Hollinger newspaper empire. He reckons he is also a freedom fighter! "I have settled into my new life as a freedom fighter. It's very ...
Dealing with climate change
in Audeamus - How dare we..., on April 27, 2006
...orst Corportations of 2005? British Petroleum (BP), Delphi, Dupont, ExxonMobil, Ford, Halliburton, KPMG, Roche, Suez, and W.R. Grace. Do you agree? Let us know in the comment section below.
*From ...
Buildings blocks for an ethical organisation
in Sox First, on April 13, 2006
...
Attracta Lagan is the Director of Corporate Citizenship and Ethics at KPMG in Sydney. Her latest book, 3D Ethics: Implementing Workplace Values provides a guide on building ethical organisations...
KPMG's tax shelters: prosecution under fire
in Sox First, on March 31, 2006
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So is the US Government guilty of "prosecutorial misconduct" in the KPMG tax shelter case? Certainly that's the line in this report quoting Stanley Arkin, an attorney representing ...
Corporate Blinders
in Sox First, on February 22, 2006
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With KPMG still fighting to hose down trouble over its tax shelters the firm has been dragged over the coals again. This time, the Securities and Exchange Commission is taking action over two o...
KPMG's deferred prosecution deal: what's ahead
in Sox First, on February 8, 2006
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The prosecution deal the Government struck with KPMG for it to avoid prosecution over dodgy tax shelters is coming under scrutiny . Yes, these things are inevitable when the lawyers move in. St...
Accountants: cleaning up the reputation
in Sox First, on January 3, 2006
...ar too passive or reactive in how they serve clients." And a few of them make the point that KPMG's recent trouble with dodgy tax shelters has not helped the situation. Clearly, the profes...
A wake-up call for Europe's IT Sector - KPMG - 1
in The CIO Weblog, on December 13, 2005
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The 2005 survey on Europe's IT competitiveness In September 2005, KPMG and the Economist Intelligence Unit polled 126 CIO's, IT managers and directors for their views on IT sector comp...
Spinning ethics
in Sox First, on December 13, 2005
... Download the file and you'll find some good news and bad news in the latest KPMG forensic Integrity Survey. There's been no real decrease in the amount of unethical activity going ...
Golden Rules to extract more value from IT Projects - KPMG
in The CIO Weblog, on December 9, 2005
...
Excerpts from the KPMG Global IT Project Management Survey continued from here ,
The following 'golden rules' summarize what organisations can do to extract value from thier ...
KPMG - Global IT Project Management Survey - 1
in The CIO Weblog, on December 9, 2005
...
KPMG, Conducted a survey of 600 Organisations across 22 countries and published the Global IT Project Management Survey. I was just flipping through the same , below is a summary of the findings...
Triumph of the beancounters
in Sox First, on December 4, 2005
...ational Financial Reporting Standards). Audit fees of the Big Four - PricewaterhouseCoopers, KPMG, Deloitte, Ernst & Young - have been going up, and the accountants themselves are getting b...
Spend Management - eSourcing
in TJ's Weblog, on December 2, 2005
...
Source: KPMG UK
Just found a great blog dedicated to eSourcing an industry that got pretty little coverage recently. The exceptional site is maintained by Jason Busch. Here are some of ...
Liability caps for auditors
in Sox First, on November 29, 2005
...o light in proxies. According to the WSJ, they are now becoming more popular. It cites reports that KPMG and Deloitte & Touche have included similar caps in their agreements. But here's the p...





