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EXPLAINED: 13 | Vintage Vibes

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

It's not just tax. How PwC, KPMG and other consultants risk influencing public health too

Concerns about the use of private consultancy firms advising government – such as PwC, KPMG, Deloitte and EY – has led to a Senate inquiry.

The Conversation

Consumer confidence drops in July as ‘reality bites’

GfK’s Consumer Confidence Index fell six points in July to minus 30 amid concerns for personal finances and the wider UK economy.

The Independent UK

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Retail sales in Scotland hit double-digit growth for first time this year

Total sales increased by 11.3% in June, food sales increased by 15.8% and non-food sales by 7.5%, according to audit professionals KPMG.

The Independent UK

Australian government spending on big four consultancy firms up 1,270% in a decade, analysis shows

PwC, Deloitte, KPMG and EY face scrutiny as critics warn core functions of democracy should not be outsourced

The Guardian - AU

KPMG is committing $2 billion-plus to A.I.—and estimates that could generate $12 billion in revenue

Microsoft and KPMG are expanding their partnership in a new generative A.I. deal.

Fortune

Afternoon Update: RBA cuts number of meetings; wastewater exposes cities’ drug habits; and an algorithm creates the ‘best’ expletive ever

Reserve Bank governor Philip Lowe says the change will allow more time to examine key issues in detail

The Guardian - AU

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Partners and staff at Australia’s big consultancy firms sacked for misconduct including sexual harassment

Senate inquiry told about firings at KPMG, Deloitte and EY in wake of tax scandal at PwC

The Guardian - AU

‘It makes no sense’: Victorian government urged to reconsider sale of dozens of properties

Residential land acquired for level-crossing removals in Melbourne’s south-east being prepared for sale

The Guardian - AU

KPMG and Deloitte refuse to join PwC in banning political donations in Australia

Analysis finds PwC, Deloitte, KPMG and EY donated $4.3m to Labor and the Coalition over the past decade

The Guardian - AU

KPMG appoints new senior partner to lead south west of England and Wales

Ian Brokenshire is retiring after 35 yeas with the financial services giant

Birmingham Post

Retail sales boosted by warm June weather

The heat prompted purchases of swimwear and beach towels, sunscreen, outdoor games, garden furniture and barbecue food.

The Independent UK

Gen Z is so lacking in soft skills after lockdown that Big 4 consultants are offering classes to help new hires fit in at work

KPMG U.K. CEO Jon Holt tells Fortune, “It’s important that as a business we support them as they begin their training and careers with us.”

Fortune

Hiring by UK firms slows amid ‘lingering economic uncertainty’

Sharp uplift in those looking for work reflects growing concern over economy, say analysts

The Guardian - UK

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Golf Monthly

What Are The Five Women's Majors?

The five major championships in women's professional golf

The Guardian - AU

Former KPMG partner urges royal commission into consulting industry following damning report into PwC scandal

Whistleblower tells Senate inquiry into federal government’s use of consultants that ‘self-regulation is failing’ across the industry

The Guardian - AU

‘Corrosive impact’: calls to ban political donations from Australia’s big four consultancies after PwC scandal

The firm along with Deloitte, EY and KPMG donated $4.3m to Labor and Coalition in past decade as government contracts increased by 400%, analysis shows

AAP

Hinson-Tolchard eyeing US Open golf amateur gong

Perth's Maddison Hinson-Tolchard is hoping to finish as the top amateur at this week's Women's US Open after spending a week with golf legend Karrie Webb.

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Insider UK

Leap Automation crowned top Scottish tech innovator

Aberdeen-based AI start-up will now pitch at the competition’s UK final later this month

Newcastle Herald

From 15 workshops to four: inside the Newcastle Supercars consultation

KPMG's initial proposal to the council involved two options.

USA Today Sports Media Group

Numbers behind Ruoning Yin’s dramatic victory at the KPMG Women’s PGA, where she didn’t miss a green on the weekend

Yin's elite approach play helped guide her to the title.

The Guardian - AU

KPMG Australia launches internal review after potential conflict-of-interest concerns raised

The federal government has paid the firm to audit aged care facilities while a separate division charges providers for advice on audits

Irish Mirror

Leona Maguire and Stephanie Meadow prize money from Women’s PGA Championship

Stephanie Meadow and Leona Maguire came close

The Guardian - UK

Greenhouse gas emissions from global energy industry still rising – report

Researchers say ‘urgent action’ needed as rise in renewables is eclipsed by increase in world’s total energy consumption

USA Today Sports Media Group

2023 KPMG Women’s PGA Championship prize money payouts for each LPGA player

Check out the prize money payouts at the 2023 KPMG Women's PGA Championship.

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