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KPMG India Thanks The SEC For IFRS

Friday, July 11th, 2008

Res ipsa loquitur… Actually, India signed on back in 2007. But the boost to business to all the Big 4 firms globally should be comparable, now that the US has also jumped on board… KPMG sees big market in financial reporting standards Chennai, July 10 From 2011, all companies in India will have to draw […]



GE – Is KPMG Still Their Auditor?

Wednesday, July 9th, 2008

News comes of another Big 4 firm with a big client with big troubles in Brazil. A few months ago it was PwC, potentially helping Cisco evade taxes in Brazil.  Now word comes that GE has possibly been underpaying VAT by shipping  light bulbs, at least on paper, to remote parts of the Amazon. GE’s […]



Trust Me – KPMG UK Strains Credibility

Wednesday, June 25th, 2008

Why does it take so long for these cases to wind through the regulatory process?  Do they always have to wait until the external legal proceedings are completed and criminal guilt found before finding that accountants were involved and deserving of sanction?   We’ve seen the sanctions handed down by the SEC lately and they […]



This Time KPMG UK Is Blaming The Merger

Thursday, May 22nd, 2008

What’s next?  The dog ate my workpapers? I guess the 6% that aren’t proud to be associated with KPMG UK are the ones getting “redundanced.” You had to know that this is what they meant (not too many partners, oh no…) when they talk about gaining “efficiencies” from these activities. The other Big 4 in […]



KPMG Makes M&A Staff in UK "Redundant"

Thursday, May 15th, 2008

Photo Source How I like the quaint terms they use in other parts of the world to express the ugly fact… People are losing their jobs and the firms won’t admit it.   You’d think they were chatting at a tea party.  The Big 4 are as vulnerable to an economic downturn as any of their […]



KPMG Has Had Tough Weeks Before

Friday, March 28th, 2008

Michael David Thomas of the Daily Caveat reminds me that the hits just keep on coming for KPMG this week.  Their decade old issues with Xerox bit them in the ass again.   That’s the problem, if there is one, with the securities litigation approach to bringing justice and exposure regarding the roles played by […]



KPMG Canada Settles Overtime Suit – Or Do They?

Friday, March 28th, 2008

Lots of updates on this and other Big 4 overtime suits in the comments.  Take a look.  Or go here for more. Go here for Dennis Howlett’s take on the settlement. And that’s in Canadian dollars, real money these days! Chicken livers… What does this mean for all the rest of them? Thanks for subscribing […]



KPMG And New Century – The Deed Was Done

Wednesday, March 26th, 2008

And this dispatch from an Australian blogger , who makes the connection between KPMG/New Century and KPMG and some recent failures amongst their clients down under…. …According to the report, one of the reasons for KPMG’s apparent gross failure to adequately undertake its responsibilities was due to it being intimidated by the forceful nature of […]



KPMG UK’s Griffith-Jones – "Trust Me"

Tuesday, March 25th, 2008

Picture Source Undoubtedly, no one checked the quotes first.   John Griffith-Jones is one slick dude.  But even he must know that it’s best not to rub it in his clients’ faces.   Mr. Griffith-Jones believes that his clients are so, so afraid of another auditor collapse, they are willing to give away their right to […]



KPMG And New Century – Down The Legal Rabbit Hole

Monday, March 10th, 2008

Picture Source An article in Law.Com, dateline March 10, updates us on the bankruptcy examiner’s report for New Century and what it may tell us about potential claims against KPMG, the former auditor. There are shades of the Refco bankruptcy examiner conflict issue that limited his ability to consider claims against PwC in that case. […]