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November 25, 2009
KPMG staff face Thai grilling on Lehman sales
Three senior executives at KPMG, liquidators of the Hong Kong subsidiaries...police force is investigating claims that KPMG failed to follow due procedure when trying...held by Lehman. Creditors claim that KPMG may have circumvented Thai bankruptcy... By Justine Lau and Sundeep Tucker in Hong Kong, and Tim Johnston in Bangkok
April 1, 2009
New Century liquidators sue KPMG for $1bn
KPMG is being sued for $1bn by the liquidators...New Century’s liquidators claimed that KPMG “assisted in the misstatements and certified...statements” filed by the lender. They claim KPMG was responsible for its collapse because... By Jennifer Hughes in London
February 2, 2009
KPMG sweetens flexible work offer
KPMG has softened the terms of a new cost-cutting...recovery arrived. So far, only about a third of KPMG staff have signed up and the scheme needs...the programme. By signing up, staff allow KPMG’s management to make the final decision... By Jennifer Hughes
June 17, 2009
KPMG rushes to sell Lehman’s China property
...commercial real-estate values in Shanghai. KPMG revealed on Wednesday that it had disposed...markets successfully. Michael Lindsay, the KPMG partner in charge of the disposals, told...Lindsay, the global head of real estate at KPMG’s corporate finance arm, is on secondment... By Sundeep Tucker in Hong Kong
February 6, 2009
KPMG staff sign up to flexible working
More than two-thirds of KPMG staff have signed up to ground-breaking...The deal is being watched closely by KPMG’s big four rivals – Deloitte, PwC and...Bennison, chief operating officer at KPMG. “Our people trust us to implement this... By Jennifer Hughes
February 8, 2009
Johnston Press hires KPMG to restructure debt
...the struggling regional newspaper business, has called in KPMG to help it restructure the group’s £450m debt burden, the...chief executive of Johnston Press, said the company engaged KPMG “in the last couple of weeks” to help it explore its options... By John O’Doherty
January 3, 2010
Groups eye fees in Dubai World fallout
...s first all-creditor meeting in Dubai, in the first step of what is expected to be the biggest restructuring of 2010. KPMG and Allen & Overy have secured the most recent appointments, confirmed in the days ahead of the December 21 meeting, as financial... By Anousha Sakoui and Rachel Sanderson in London and Simeon Kerr in Dubai
January 17, 2010
Auditors required to adopt UK code
...to non-audit work. It comes at a time when PwC, Deloitte, KPMG and Ernst & Young are already the subject of a regulatory inquiry...force in June this year. John Griffith-Jones, co-head of KPMG Europe, who was a member of the working group, said he hoped... By Rachel Sanderson in London
January 16, 2009
KPMG offers staff sabbaticals or shorter hours
KPMG has asked its staff to sign up to a new programme...shortage of staff when the economy picked up. KPMG staff have been asked to sign up to one of two...2010. Rachel Campbell, head of People at KPMG, said: “It’s clear the next 18 months are... By Jennifer Hughes
November 22, 2009
Blacks Leisure set for deal to escape administration
...administration in recent months. Both the British Property Federation and KPMG, which is helping to restructure the company, said on Sunday...in a vote on the terms of a CVA on Monday. Richard Fleming, KPMG’s UK head of restructuring, described the move as a... By Hannah Kuchler in London