Page 2 - Kpmg

Big Four adopt tech, hire more to meet rising risk advisory demand

Deloitte, KPMG, PwC and EY say business feel greater need for regulatory compliance after the coronavirus

KPMG, Deloitte affiliates hit with US civil penalties for exam cheating

The PCAOB permanently barred the KPMG Netherlands' former head of assurance Marc Hogeboom from the industry, chair Erica Williams said

Taiwanese firms look to set up headquarters abroad to avoid Chinese attack

China asserts territorial claims over Taiwan and has issued threats of annexation if Taipei resists reunification indefinitely

India has a lot more trust in technology than others: KPMG's Brenda Walker

The Indian government is seeking more advice and strategic direction on sustainability, ESG goal, decarbonisation efforts across supply chain in almost all industries

Hong Kong to name ex-KPMG China head Carlson Tong to chair stock exchange

Tong is expected to take over as the next chairman of the Hong Kong Exchanges & Clearing Ltd. after April 24, according to people familiar with the matter

British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings

KPMG and its partner Adrian Wilcox failed to audit with sufficient professional skepticism, according to the Financial Reporting Council, which published a decision notice on Monday

Interim Budget: Focus on infrastructure growth sets stage for Viksit Bharat

The government's focus on governance, development, and performance, along with bilateral trade agreements that promote FDI, will prioritise domestic development

NFRA finds deficiencies in audit quality inspection of Big four firms

In its firm-wide review of audit control systems of BSR & Co, the Authority found that the firm's claim of being independent from KPMG India entities was unacceptable

KPMG, Deloitte ask staff to use burner phones for Hong Kong visits

The move comes as China increases its control over Hong Kong, the Asia-Pacific headquarters of many global companies

KPMG expands operations, opens new global delivery centre in Kolkata

KPMG LLP, a multinational audit, tax and advisory firm, has further expanded its presence in India with the opening of a new global delivery centre office in Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said. KPMG currently has over 250 professionals in Kolkata and has ambitious plans to double its workforce by FY'25, it added. This expansion reflects the firm's recognition of Kolkata's vibrant talent pool and its strategic importance to KPMG's growth strategy, the firm said. "The professionals in Kolkata are joining a team of individuals developing critical skills that support the audit today and the more data-driven audit we are driving towards," said KPMG U.S. national managing partner (audit operations) Tim Walsh. Global delivery centres play a crucial role in KPMG's global audit strategy, providing audit and assurance support, audit technology, and risk management ...

Central ministries gave contracts worth Rs 500 crore to 'Big Five' firms

About fifty organisations and 16 departments/ ministries outsourced work to these consultancy firms, which include PwC, Deloitte, Ernst & Young and KPMG, along with McKinsey & Company

India's healthcare ecosystem undergoing change: KPMG India co-head

KPMG-FICCI study suggests more than 20 new healthcare models emerging in India

5G, satcoms, semiconductors to boost economy with $240 bn by FY28: KPMG

KPMG report outlines transformative potential of 5G, satellite communication and semiconductors on India's economy and job market

KPMG India, Vianai Systems sign pact for AI-based conversational finance

KPMG in India on Wednesday said it has formed an alliance with human-centred AI platform and products firm Vianai Systems for AI-based conversational finance to help finance professionals. The joint offering will leverage Vianai's hila Enterprise fine-tuning and optimisation capabilities with enterprise systems of record, according to a statement. Targeting finance professionals, conversational finance will allow finance users to ask any question against their systems of record, internal documents, public data, and other data in natural language, with a view to get immediate responses by way of text, dashboards, charts and more, it added. At present, the adoption of AI and the use of Large Language Models (LLMs) in enterprises has largely been a non-starter for business users that require an extremely high degree of accuracy and reliability, in particular those in finance roles. Issues of LLM hallucinations and inaccuracies are too risky for business-critical functions, such as ...

Sebi empanels 12 entities to provide onsite digital forensic services

Capital markets regulator Sebi has empanelled 12 entities, including Ernst & Young LLP and KPMG Assurance and Consulting Services LLP, to provide assistance to its search team for onsite data acquisition during search and seizure operations. The other empanelled entities are -- Baker Tilly Business Advisory Services, Cybermate Forensics & Data Security Solutions, Cyint Technologies, ECS Info Tech, Innefu Labs, Mahen Technologies, Nangia & Co LLP, Netrika Consulting India, Pelorus Technologies and Systools Software, according to a notice by Sebi last week. They have been empanelled for providing digital forensic services to the regulator following the completion of the empanelment process. The empanelment will be valid for a period of two years. In August, the Securities and Exchange Board of India (Sebi) invited applications for empanelment of service providers experienced in the field of digital forensic services. The applications were invited from eligible service ...

RBI forms external working group on expected credit loss framework

The group's mandate includes outlining the principles banks must follow when creating credit risk models for evaluating and quantifying expected credit losses

Explore new financing models for skill development: Ficci-KPMG report

The study pointed to emerging trends in skill financing such as private equity and venture capital investment, working capital financing for training partners

KPMG set to invest $2 billion in AI as part of Microsoft partnership

KPMG will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership. This move is in response to a slowdown in advisory deals

Construction mkt shows positive outlook, tech enabling good returns: Survey

The Indian construction market exhibits a positive outlook with 84 per cent of respondents feeling optimistic about the sector compared to 66 per cent globally, a KPMG survey said on Friday. KPMG's Global Construction Survey said there is a sense of enthusiasm regarding the potential government funding, investment and incentives for significant infrastructure projects. "The survey findings exhibit a strong outlook for our Indian construction industry, driven by the government infrastructure stimulus, manufacturing incentives and private sector commitments. This is reflected in a significant proportion of our participants, indicating 20 per cent revenue growth or increase in capital investments in the next 12 months," KPMG in India, Partner, Major Projects Advisory and Industry 4.0, Suneel Vora said. Digital and innovative technologies are generating handsome returns on investment and generating real-time cost reductions, Vora added. The government's announcement of National ...

90% in construction sector favour decarbonisation practices: KPMG report

84% of the respondents said they were optimistic about the direction of the construction market in India