KPMG

The United Kingdom’s Financial Reporting Council has fined KPMG’s U.K. firm £5 million (discounted through a settlement to £4 million, or about $5.2 million) for its fiscal year 2009 audits of the Co-operative Bank.

Online career resource Vault.com named the Big Four firms as the best accounting workplaces committed to female, minority and LGBT diversity for staff members.

The United Kingdom’s Financial Reporting Council also 'severely reprimanded' the firm, as well as two partners.

KPMG names chief global talent officer for tax; BKD welcomes 23 new partners and managing directors; and other recent hires, promotions and personnel news from firms across the country.

Fortune magazine ranked the top 25 companies to work for in consulting and professional services, featuring a number of prominent accounting firms.

The Vault Accounting 50 ranks the top workplaces in North America based on prestige, firm culture, and other factors.

An adviser to union pension funds is calling on General Electric to change audit firms after investor confidence in the one-time blue-chip company has been rattled.

Denmark has reported the local operations of Ernst & Young and KPMG to the police amid a widening crackdown on money laundering in the country.

The Institute of Management Accountants also became a sponsor of the PhD Project, which helps minority students with their business doctorate studies by promoting more diverse instructors.

Firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said.