KPMG

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.

The partnership gives KPMG clients access to AuditBoard's AI-powered technologies as part of the Big Four firm's services.

The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG.

KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

Crowe collaborates with Intuit QuickBooks; Bonadio Group raises nearly $25K through firmwide Big Give campaign; and more news from across the profession.

Ernst & Young issued a major mea culpa following a failed split of the firm.

Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.

Plus, promotions at Kassouf, CohnReznick, KSM, and Johnson Lambert, and other personnel and firm news from across the country.

The firm delivered a 4% rise to its 833 U.K. partners, similar to last year's levels, but they remain at the bottom of the pay table.

PKF O'Connor Davies adds 19 to partnership; Schneider Downs expands advisory practice; and more news from across the profession.

Wilkin & Guttenplan appoints next managing shareholder; Hartman Wanzor rebrands; and more news from across the profession.