Page 3 - Kpmg

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

Big 4 push the tech button, look to expand IT service presence in India

The big four are best known for their accounting and audit services globally. However, with time, they have added several more services to their work

Intra-company services by offices registered separately to attract GST: AAR

GST applicable even if employees appointed for firm as a whole, says Tamil Nadu authority

India expected to be one of the major beacons of economic growth: KPMG

Strong credit growth and resilience in financial markets are further expected to create an environment that supports investments

KPMG stands by audits of Silicon Valley Bank and Signature Bank

Global markets have been bumpy since the collapse of SVB, the biggest U.S. bank failure since the 2008 financial crisis, and Signature Bank

Bombay HC relief for GST assessees amid non-existence of tribunal

No recovery from taxpayers once a declaration of intent filed by them to appeal against order of lower authorities is put on record

Highest salary offered at IIM Kozhikode touches Rs 67L, average at Rs 31L

An IT-sector company offered the top salary of Rs 67.02 lakh on the campus. This was higher than the top salary of Rs 61.5 lakh last year

KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs

KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows

Maruti Suzuki begins probe into alleged purchasing dept wrongdoings

Investigation follows whistleblower complaint that executives took money from suppliers

Auditors of GoMechanic had raised several red flags in accounting: Report

The firm did not maintain inventory records for receipts and issuance of goods directly received by the customers

$1-million penalty: KPMG India settles with US audit regulator PCAOB

The PCAOB found that Lakhani and certain other engagement team members signed off on blank placeholder work papers in KPMG India's electronic audit software

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

Google Cloud joins hands with DSCI for boosting cloud adoption

"Secure with cloud" initiative will also provide industry best practices and frameworks with Start-up and mobile app ecosystems on privacy and security

RCapital lenders meet ends in stalemate over key challenge mechanism issue

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

Asha Ramanathan, new COO; Gayathri Parthasarthy, new FSS lead at PwC India

Asha is a qualified chartered accountant (CA), and Parthasarthy is a Financial Services industry veteran

86% of global CEOs see recession within 12 months, finds KPMG survey

46% of corporate leaders considering job cuts over the next six months

CEOs rethinking strategies to hire, retain talent: KPMG 2022 CEO Outlook

KPMG's latest poll asked more than 1,300 CEOs of the world's leading companies about their hiring plans and expectations