KPMG

Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.

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KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future."

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

Gen Z accounting interns believe the biggest misconception about their generation is that they don't want to work hard, according to a new KPMG survey.

Big Four firm PwC announced it has made a deal with OpenAI to become the first reseller for ChatGPT Enterprise.

Having joined the Financial Accounting Standards Board as a technical assistant in 2003, Salo will serve a five-year term on the board starting in July.

The new firm will be led by KPMG's U.K. CEO, Jon Holt, while Stefan Pfister, currently the boss of the Swiss arm, will become deputy CEO.

Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.

The Audit Reform Lab published a report analyzing Britain's audit industry after high-profile corporate collapses and criticism.

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

The U.S. firm attributed the uptick to the return of business travel since the pandemic, according to its 2024 Impact Plan report.

KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.

CohnReznick launches new digital advisory practice; Kruze Consulting and KPMG separately release CEO reports; and more news from across the profession.

The board imposed its largest-ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.

Ideagen Audit Analytics' report shows mid-tier auditors taking market share from smaller firms.

The firm's air travel emissions increased 77% last year, but it has decreased overall emissions since 2019, according to its 2024 impact report.

The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.