AccountancyAge is reporting that the UK and Ireland IIA’s chief executive Ian Peters recently made a statement on the contentious issue of having external auditors provide internal audit services:
Internal auditors answer to management and the non-executive directors… external audit reports to shareholders. Merging these two important functions has the potential to cause serious conflicts of [...]

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The news that KPMG has snapped up the audit of Rentokil Initial from rival PwC brings with it renewed concerns around the independence of firms providing additional services as well as opining on financial statements.
Under the arrangement KPMG would undertake all the statutory responsibilities associated with an external audit, while also ‘delving deeper’ and offering [...]

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The silence from this blog lately has been deafening.
Time to pick the low-hanging fruit and churn out something, anything, to let my readers know I’m not dead yet.
First of all, my buddy Krupo’s been cranking out quality, entertaining posts every other day it seems. In this latest post on unions, he lays the smack [...]

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KPMG is being sued in a proposed class action lawsuit filed the Friday (paywall) before the long Labour Day weekend, citing employees were forced to work unpaid overtime hours.
The lawsuit alleges KPMG employees routinely work as many as 90 hours a week to complete assignments on behalf of clients. The firm allegedly requires employees to [...]

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The Managing Partners’ Forum was established in 1995 and is “dedicated to enhancing leadership and the status of the management team in professional firms worldwide.” They recently released the inaugural Global 500, a ranking of the top 500 professional services firms in the world by fee volume.
The Big Four are at the top of [...]

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