KPMG

KPMG has agreed to pay more than $6.2 million to settle charges it failed to properly audit the financial statements of Miller Energy Resources, a Knoxville, Tenn.-based oil and gas company that settled accounting fraud charges last year, the Securities and Exchange Commission said Tuesday.

Citrin Cooperman adds two partners and a principal; LBMC promotes 19 professionals to senior; and other recent hires, promotions and personnel news from firms across the country.

The Big Four firm's education initiative will now reach nine U.S. schools and more than double its current students.

RSM appoints Boston office partner; Weaver promotes seven to partnership; and other recent hires, promotions and personnel news from firms across the country.

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.