KPMG | Global news | Crisis

An overview of KPMG global news:

United Kingdom

UK risks squandering early net zero leadership While various sources suggest the country is lagging behind in its transition to a zero carbon economy, a new study contends that the UK may actually be half-way to net zero.
22 November 2023
United Kingdom

Leaders must collaborate in face of global crises Dog-eat-dog business will no-longer cut the mustard when it comes to the private sector addressing systemic crises such as climate change.
09 October 2023
United States

KPMG defends clean audits of SVB and Signature Bank KPMG US defended its clean audit opinions of Silicon Valley Bank and Signature Bank, both of which collapsed within two weeks of KPMG signing off on their financials.
17 March 2023
Australia

KPMG slashes 200 jobs in management consulting business The Australian arm of KPMG expects to axe around 200 jobs in the coming months, following a slowdown in the firm’s management consulting business.
20 February 2023
United Kingdom

CEOs reduce ESG and staff spending to prepare for recession A global CEO survey has shown most businesses anticipate recession in the coming 12 months.
25 October 2022
Europe

Global consulting firms respond to Russia’s invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
United Kingdom

Professional services firms under pressure to cut Russia ties Under pressure to sever ties with Russia, several of the world’s largest professional services firms have closed their Russian offices.
07 March 2022
Canada

KPMG: Family businesses better weathered the pandemic Family businesses better weathered the pandemic storm, according to a recent global survey from KPMG.
21 June 2021
Canada

Canadians back continued government stimulus, finds KPMG survey Most Canadians (77%) continue to support major stimulus spending to kick-start the country’s economy, according to a recent survey from KPMG Canada.
13 April 2021
Canada

KPMG: Canadians want 'Canada-first' economic recovery strategy Canadians want a “Canada-first” strategy to jumpstart the economy, according to a January KPMG survey of 4,000 people.
05 February 2021
United Kingdom

Europe's top football leagues lose £4.5 billion due to pandemic The impact of Covid-19 on the global economy means Europe’s top football leagues lost £4.5 billion in revenues over 2020.
15 January 2021
Australia

Australia's insurance industry saw profits halve in 2020 Bushfires, storms, floods and a global pandemic have combined to give Australia’s insurance sector one of its worst years on record. KPMG presents the year’s key figures in a new report.
13 January 2021
Canada

Most Canadians will take the Covid-19 vaccine – but one in five say they won't Most Canadians (78%) say they’ll get the Covid-19 vaccine if it’s offered in the next three months, according to a recent survey from KPMG Canada. However, 22% said they wouldn’t take the vaccine.
18 December 2020
Canada

Pandemic has boosted clout of IT leaders, finds KPMG report A majority (6 in 10) of technology leaders in Canada believe they have more influence in the C-suite than ever before, due to the increasing importance of digital technology during the pandemic.
26 November 2020
Australia

Covid-19 is reshaping insurance and wealth offerings Covid-19 is likely to leave an enduring legacy in the financial and wealth management sectors, as consumer demands become ever more complex. This is according to KPMG analysis.
08 November 2020
Canada

Canadian businesses worried second Covid wave will sink them Nearly one-third (31%) of small- and medium-sized enterprise (SME) owners and leaders believe they won’t have the adequate liquidity or access to financing to make it through a second Covid-19 wave,
02 November 2020
United States

KPMG slashes 1,400 jobs in United States KPMG US announced in late September that it is laying off 1,400 – or approximately 4% – of its 35,000-person workforce.
21 October 2020
United States

Companies spent $15 billion extra on technology per week during pandemic Companies spent approximately $15 billion extra per week on technology, according to the 2020 Harvey Nash/KPMG CIO Survey.
29 September 2020
Canada

Most business leaders support federal wage subsidy Most Canadian business leaders (76%) think the revamped Canada Emergency Wage Subsidy (CEWS) is a good investment to keep Canadians working, according to a recent client survey from KPMG Canada.
25 September 2020
Canada

Returning to work during Covid-19: What are an employer’s obligations? Lisa Cabel, National Employment and Labour leader for KPMG Law Kaley Dodds, Senior Associate Employment and Labour Law, KPMG Law A recent KPMG poll found that more than half (54 per cent) of Canadian
11 September 2020
United States

US CEOs remain confident despite pandemic challenges US chief executive officers remain fairly optimistic despite the wide-ranging negative impacts of the global pandemic, according to KPMG’s annual CEO Outlook survey.
10 September 2020
Australia

Some staff feel Deloitte and KPMG are putting profits over welfare The revenues of the Big Four in Australia have boomed in recent years, with the latest full financial year having seen aggregate revenues of the quartet surpass the $9 billion mark for the first time
07 September 2020
United Kingdom

Consultants hired to check Covid-19 rescue loans for fraud The British Business Bank has hired professionals from RSM and KPMG to examine the recipients of its emergency loans amid the Covid-19 lockdown.
03 September 2020
Europe

Covid-19 has made people & talent the top risk, say CEOs The confidence of CEOs in growth has plummeted globally as a result of the Covid-19 pandemic.
31 August 2020
Australia

Why rapid strategic planning is vital in a Covid-19 world Strategic planning is a vital activity for any business. Not having a clear understanding of the opportunities and challenges that lie ahead is akin to driving at night with your headlights off.
27 August 2020
United Kingdom

16 consulting firms awarded government coronavirus contracts The UK Government has once again come under fire for its spending on private consulting contractors, after it emerged the industry had received contracts worth £56 million to help with the national r
24 August 2020
Canada

Most Canadians fear return to workplace, finds KPMG study More than half of Canadians (54%) are afraid of returning to their physical workplace because of how contagious Covid-19 is, according to a recent study from KPMG Canada.
10 August 2020
United States

A new global consumer is emerging, finds KPMG research The post-Covid-19 consumer is financially cautious, tech savvy and more conscious about consumption patterns, according to KPMG. These trends might well be here to stay across the world.
03 August 2020
Canada

KPMG suspends its partnership with WE Charity Accounting and consulting firm KPMG has joined a wave of corporate partners that are suspending or reviewing their relationship with WE Charity, which has been at the centre of a cronyism scandal in
28 July 2020
United Kingdom

KPMG to shed up to 200 UK jobs amid dented revenues Big Four professional services firm KPMG is reportedly mooting the axe for as many as 200 of its UK employees.
28 July 2020
United Kingdom

KPMG, HFW and Augusta Ventures to support Covid-19 legal disputes As many companies struggle to overcome problems caused by the coronavirus pandemic, HFW, KPMG and Augusta Ventures have announced a non-exclusive project to support them.
08 July 2020
South Africa

KPMG CEO calls for strengthening of South Africa's CA pipeline KPMG South Africa CEO Ignatius Sehoole has called for more vigilance than ever in South Africa’s accounting sector, as the Covid-19 crisis poses a unique challenge to the business environment.
01 July 2020

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