KPMG

The Big Four firm's incubator has spun out its very first startup: an AI security company called Cranium.

Plus, Genius Scan introduces new expense reporting capacities; Xero to retire WorkflowMax; and other news from the accounting technology arena.

Overall new client additions — and departures — continue to rise, thanks to M&A.

The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.

As part of its DEI initiatives, KPMG introduced a Tax Scholarship Program to allow students from underrepresented groups to pursue a master's degree.

The Big Four firm laid off approximately 700 people in its advisory business, or close to 2% of its total staff.

Markus Braun insisted he acted properly when he told markets two months before the company's spectacular demise that a KPMG probe found no wrongdoing — even though the auditor didn't have access to the documents it needed.

In his first public comments about his involvement in an episode that wiped out billions of euros in shareholder value, Braun spoke of a "day of shock and pain."

The majority of chief tax officers at multibillion-dollar companies plan to outsource more work to outside providers over the next few years, according to a new survey from KPMG.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.