KPMG

As global companies implicated in a graft scandal in South Africa scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations.

The South African Revenue Service is considering instituting legal proceedings against KPMG LLP’s local unit for reputational damage after the auditing firm withdrew the conclusions of a report that was used in a police probe against former Finance Minister Pravin Gordhan and led to the removal of senior staff at the agency.

KPMG LLP said the head of its South African office and seven other senior executives quit after an internal investigation found that work done for the politically connected Gupta family fell “considerably short” of the auditing firm’s standards.

The Big Four accounting firms are moving more into the legal services market, competing with law firms on their traditional turf, according to a new report.

However, this leaves CFOs and controllers worried about security.

KPMG contributes to Hurricane Harvey relief; Baker Tilly provides school supplies with United Way; and more news from CPA offices across the country.

The Big Four Firm matched the golf pro's contributions follow her recent LPGA tournament win.

More chief execs are automating back-office accounting functions, freeing finance professionals to become strategic advisors.

KPMG chairman and CEO Lynne Doughtie, Ernst & Young chairman and CEO Mark Weinberger, and PricewaterhouseCoopers U.S. chairman and senior partner Tim Ryan are weighing in on the protests in Charlottesville, Va., last weekend, denouncing the bigotry and hatred on display.

From audits to tax work, smarter machines will change everything accountants do.