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16 Republican attorneys general question Big Four climate commitments

On Aug. 24, a coalition of 16 Republican state attorneys general sent letters to Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC) — collectively known as the Big Four accounting firms — raising concerns that the firms' climate commitments may conflict with professional accounting standards and state consumer protection…

Ballotpedia

Productivity to drive 35% of India's future manufacturing output: KPMG

Higher workforce productivity could drive nearly 35% of India’s future manufacturing output, according to KPMG. Its analysis found productivity-leading manufacturers recorded stronger profit and market-cap growth, but more than 70% of large companies may need significant changes to achieve the required gains.

The Economic Times

India’s manufacturing sector needs 13.1% growth to hit $7.5 trillion by 2047: Report

India's manufacturing sector requires a 13.1 percent annual growth rate to reach USD 7.5 trillion by 2047. This ambitious target is crucial for India's goal of becoming a USD 30 trillion economy. Workforce productivity is identified as the most underleveraged growth lever for the nation. Many companies need operational changes…

The Economic Times

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Higher education regulator apologises for imposing £585,000 fine on university

Office for Students made decision to punish University of Sussex last year after claiming it breached free speech regulations

The Guardian - UK

EY Is Betting $100M on Human Workers, Giving Them Up to $25,000 Bonuses for Skills AI Can't Replicate

Ernst & Young US is investing $100M in a rewards program to foster future skills and innovation amid AI's impact on accounting and services. It empowers employees to excel and drive change.

International Business Times UK

Golf: Pranavi Urs lone Indian to make cut in Irish Open, lies tied-8th

Indian golfer Pranavi Urs secured a spot in the weekend rounds at the KPMG Women's Irish Open. She is currently tied for eighth place after a strong second-round performance. Other Indian golfers, including Diksha Dagar and Tvesa Malik, did not make the cut. South Africa's Casandra Alexander continues to lead…

The Economic Times

Tough personal issues cut short Greens senator's career

First-term senator for South Australia Barbara Pocock will not run for a second term in 2028 as her partner battles a brain cancer diagnosis.

AAP

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KPMG Australia was once considering 1,000 job cuts; firm now confirms nearly 400 layoffs

In a turbulent move, KPMG Australia is set to lay off around 400 employees, including high-ranking partners. This decision comes on the heels of a scandal surrounding the misuse of sensitive client information. Coupled with diminished demand and slashed government budgets, the company grapples with declining revenues, particularly in its…

The Economic Times

Scandal-hit KPMG Australia to cut nearly 400 jobs, warns of difficult market

KPMG Australia plans to cut about 5% of its workforce, affecting 27 partners and around 360 employees, mainly in consulting and business services. The firm reported a 1% decline in annual revenue to A$2.257 billion as government consulting demand weakened, while warning subdued economic growth could persist until 2028.

The Economic Times

Scandal-hit KPMG rakes in billions, slashes jobs

KPMG, which has been embroiled in an audit and whistleblower scandal, will cut more than 350 jobs after a fall in revenue in its main consultancy business.

AAP

Central Asia and Caucasus companies adopt AI at twice the global rate

Companies in the region are rapidly scaling AI across business operations, driven by rapid experimentation and digital readiness, but lag in formal AI strategy and governance.

Euronews

New Jersey KPMG employee chooses ‘soft retirement’ after severe illness left her battling brain fog and burnout; now works 20 hours a week with key benefits

A KPMG employee in New Jersey Tina Bonnano turned to “soft retirement” after serious illness, brain fog and burnout made her 50- to 60-hour workweeks unsustainable. She now works about 20 hours a week while keeping key employment benefits, giving her more time to focus on hobbies, writing and her…

The Economic Times

Tether has the gold. Now, CEO Paolo Ardoino is making a bold push into AI

A KPMG audit appears to establish the legitimacy of Tether's reserves. Meanwhile, the company's ambitions are scaling far beyond crypto.

Fortune

Five key takeaways from parliamentary hearings into client leaks at KPMG

Partners say they ‘don’t recall’ leaked papers and are accused by lawyers of being misleading as more whistleblowers come forward

The Guardian - AU

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AAP

'I am so sorry': audit investigator's belated apology

An investigator has apologised to a Senate inquiry for failing to properly probe claims of misconduct at one of the biggest multinational auditors.

The Guardian - AU

Bet365 apologises after children wear gambling logos in charity race – as it happened

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AAP

'Naive, embarrassing': KPMG chair-elect's email apology

The chairman-to-be of a major consultancy firm has issued a mea culpa for casting doubt on whistleblower claims detailed by a federal senator.

International Business Times UK

CRA Lawsuit Settlement: Who Can Claim Up to $5,000 and How to Check Eligibility

Thousands of Canadians affected by 2020 government account cyberattacks can now apply for up to $5,000 compensation under an $8.7 million settlement.

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The Economic Times

Canada Class Action Lawsuit: $8.7 million settlement offers eligible Canadians up to $5,000 - Check who qualifies and how to claim compensation

A court in Canada has given the green light for an $8.7 million settlement arising from a privacy breach that occurred in 2020. Canadians whose Government of Canada accounts were compromised can file for compensation related to the unauthorized access and subsequent fraud resolution efforts. Valid claims for expenses might…

The Economic Times

AI adoption in finance hits 76%, governance and AI-centric operating models key to future edge: KPMG

Artificial intelligence (AI) has reached an inflection point in finance, with 76% of organisations already using it in financial planning. However, while adoption is outpacing organisations' ability to scale AI across the enterprise, the next competitive edge will depend on building AI-centric finance operating models and robust governance frameworks, as…

Fortune

Career growth is actually a higher priority for Gen Z than work-life balance, survey says—with 93% of interns wanting to become executives

Career growth is a higher priority for Gen Z than work-life balance, workplace culture, and even salary, according to a KPMG survey of interns.

The Guardian - AU

Montessori learning is being shut down at Leah’s school – is a push towards ‘explicit instruction’ to blame?

Critics say the one size-fits-all approach doesn’t work for all students and there are questions about the body that has been pushing it

The Canberra Times

The $300k logo, the $84k pool contract, and KPMG's review tab

A look at little known taxpayer spending you may have missed.

International Business Times UK

One Tax Return Mistake Could Trigger Hefty HMRC Fines Under New Rules: Millions at Risk

HMRC's draft legislation introduces a 'duty to correct' tax errors, potentially treating uncorrected mistakes as deliberate, leading to steeper penalties. The aim is to improve compliance across taxes.

Golf Monthly

The Best Women Golfers Yet To Win A Major

Some hugely talented female golfers have yet to get over the line in one of the five Majors. Here are 15 still looking to put that right

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