KPMG

Females are substantially underrepresented compared to males as accounting firm partners, according to a new academic study that found only 17 percent of audit partners with U.S. audit clients are women.

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his tenure as chief executive officer and senior partner at KPMG South Africa, said he offered to step aside from the position.

Moses Kgosana, who was due to take the role of Alexander Forbes Group Holdings Ltd. chairman at the end of August, withdrew from the position after allegations emerged related to his tenure as chief executive officer and senior partner at KPMG South Africa.

KPMG South Africa failed to raise the issue when businesses controlled by the Gupta family—friends of President Jacob Zuma—diverted the equivalent of $3.3 million of public money to pay for a family wedding and their auditing firm, documents show.

KPMG entered into an agreement with the U.S. Department of Labor to resolve allegations of hiring discrimination against 60 Asian candidates applying for associate auditor jobs in the firm’s Short Hills, N.J., office.

British Telecom has picked KPMG as its new auditing firm, ending a 33-year relationship with PricewaterhouseCoopers, in the wake of an accounting scandal in the telecommunications giant's Italian unit.

Many businesses are slow-walking to implementing the revenue recognition standard, even as the effective date approaches next year.

CalCPA debuts new headquarters; Bloomberg BNA announces recipients for outstanding authorship in taxation; and more company news.

KPMG LLP has begun construction on a $400 million, 55-acre facility for learning, development and technology innovation in Orlando, Florida.

The Big Four firm topped all auditing firms in new engagements.