KPMG | Global news | Page 7

An overview of KPMG global news:

Europe

‘China to curb power of Big Four accountants and consultants’ China's government is trying to curb the power of the Big Four, especially in the audit domain, according to reports from Bloomberg citing discussions with high-ranked partners within the Chinese org
07 March 2023
United Kingdom

KPMG helps GeoPura raise £36 million in investment round Big Four firm KPMG has advised UK clean energy company GeoPura in raising £36 million in an investment round.
03 March 2023
Canada

KPMG donates $600K to HEC Montreal KPMG Canada has donated $600,000 to HEC Montreal’s “Measuring Beyond” environmental, social, and governance (ESG) initiative.
01 March 2023
China

China pushing for shift away from Big Four to local audit firms With tensions between China and the United States continuing to simmer, China’s Ministry of Finance has reportedly asked state-owned enterprises to stop relying on the Big Four for their audit needs
28 February 2023
United Kingdom

Volume of UK fraud falls but value booms past £1 billion Fraud cases of more than £100,000 declined in number through 2022 – falling by more than one-quarter from the previous year.
27 February 2023
Middle East

Five steps to improve the odds of M&A integration success In today’s uncertain and complex environment, successfully closing and integrating a deal can be a major challenge for dealmakers.
22 February 2023
United States

KPMG launches accounting/tax scholarship for underrepresented students KPMG US has launched a new scholarship for underrepresented racial and ethnic groups pursuing a master’s degree in accounting or tax.
21 February 2023
United Kingdom

Consulting firms maintain 'cautious optimism' on 2023 M&A market Following a record year, the 12 months of 2022 saw a fall in the volume and value of M&A activity.
21 February 2023
United States

KPMG US lays off 700 employees in advisory business KPMG was the first US Big Four firm to cut jobs amid a weaker economy and reduced demand for consulting services – laying off 700 people in its advisory wing.
16 February 2023
Canada

Canadian fintech investment dips in 2022 after banner 2021 Investment in Canada’s financial technology (fintech) industry fell 81.4% to US$1.
16 February 2023
Saudi Arabia

Paul Ridley joins KPMG's Defense & Security practice in Saudi KPMG has welcomed a new leader in its Advisory business, with Paul Ridley relocating to Saudi Arabia to join the Defense & Security practice.
15 February 2023
United Arab Emirates

Dubai’s hospitality industry enjoys sunny outlook for 2023 As Dubai’s hospitality industry continues its strong post-pandemic rebound, leisure and business trips are both on an upward growth trajectory heading into 2023.
13 February 2023
Saudi Arabia

Saudi companies on the front foot with adopting new technologies Companies in Saudi Arabia are relatively keen on exploring and adopting new technologies, according to the new ‘Tech Survey Saudi Arabia’ study by KPMG.
08 February 2023
Bahrain

KPMG hosts Bahraini leaders for ins and outs of decarbonization Over 100 business leaders in Bahrain recently convened at the Downtown Rotana Hotel to discuss the topic of decarbonization and net zero. A round-up of the event’s key takeaways.
08 February 2023
Canada

Sun Life appoints former KPMG partner Joe Natale to board Insurance firm Sun Life has appointed Joe Natale, formerly CEO of Rogers and a partner at KPMG Canada, to its board of directors.
07 February 2023
Saudi Arabia

Saudi Arabia's top sectors for CX: Retail and Financial Services What sectors offer the best customer experience in Saudi Arabia? In its take on the multifaceted question, KPMG surveyed over 1,500 consumers from across the Kingdom to find out, concluding that reta
06 February 2023
Canada

KPMG Canada advised on most mid-market M&A deals in 2022 KPMG Canada advised on the most mid-market mergers and acquisitions in 2022, according to a Refinitiv report.
03 February 2023
United Kingdom

KPMG UK revenues hit £2.7 billion in 2022 The revenues of KPMG’s UK business grew by double digits in its last financial year.
03 February 2023
Saudi Arabia

KPMG report: Saudi Arabia should nurture SMEs in industrial sector As Saudi Arabia looks to diversify its oil-based economy and increase the contribution of SMEs to its national income, supporting small and mid-sized enterprises in the country will be vital.
02 February 2023
Canada

KPMG and PMP Strategy advise DIF on investment in RFNOW DIF Capital Partners, a Dutch independent infrastructure equity fund manager, has invested in RFNow, a Prairie telecom firm. DIF was advised on the deal by KPMG and PMP Strategy.
27 January 2023
Middle East

ESG due diligence on the rise in the mergers & acquisitions scene The ESG megatrend is increasingly entering the word of mergers & acquisitions, according to new research by KPMG.
26 January 2023
Middle East

G42 Cloud seals partnership deal with KPMG Lower Gulf Abu Dhabi-based G42 Cloud has welcomed a consulting major to its partnership ranks, sealing a deal with KPMG’s Lower Gulf division.
24 January 2023
Canada

Only one-third of Canadian companies report on biodiversity loss With universal reporting standards and tightening regulations on the horizon, companies will need to improve the quality and scope of their environmental, social, and governance (ESG) reporting, a KP
23 January 2023
Middle East

KPMG names Rasheed Al-Qenae as chairman of MESAC region KPMG has named Rasheed Al-Qenae, managing partner of its Kuwait organisation, as its new Chairman for the Middle East, South Asia, and Caspian (MESAC) region.
16 January 2023
United States

KPMG appoints Travis Hunter, Jr as Chicago office head KPMG US has named Travis Hunter, Jr as managing partner of its Chicago office, effective January 3.
13 January 2023
Saudi Arabia

KPMG adds Robert Ptaszynski to leadership team in Saudi Arabia KPMG has strengthened its leadership team in Saudi Arabia with Robert Ptaszynski, who joined the firm from a global consulting counterpart.
09 January 2023
United Kingdom

Study links socio-economic background to career progression UK businesses may be neglected huge swathes of leadership talent, by overlooking unconscious biases relating to social class.
09 January 2023
United States

KPMG buys strategy consultancy The Arnold Group KPMG US has acquired The Arnold Group, a Seattle-based strategy consulting firm focusing on B2B technology clients.
06 January 2023
United Kingdom

UK heads for unhappy New Year of -1.3% growth The global economy spent the duration of 2022 teetering on the brink of recession – and the UK looks to have finally fallen into one.
03 January 2023
Europe

KPMG global revenues up by 14% to $35 billion A booming advisory division has seen KPMG achieve global revenues of $35 billion over its past financial year.
23 December 2022
United Kingdom

KPMG names duo to lead diversified industrials M&A team Alastair Horrocks and Surinderpal Matharu will co-lead KPMG’s UK diversified industrials M&A team.
16 December 2022
Canada

Family businesses shifting to next generation Most Canadian family businesses are eyeing transition, with 78% creating a succession plan or expecting to transition the business to the next generation within three years, according to a KPMG surve
09 December 2022

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