The FT has shed a light on #KPMG’s double role in the #Wirecard scandal, outlining the controversial connection existing between the advisory company that last April revealed the Fintech fraud. This points out that #conflictsofinterest coupled with weak #corporategovernance, as well as complacency from the...
As a response to the fragmented environment of ESG reporting, the international community has begun taking its steps towards harmonization. After a joint vision has been shared by the five leading Framework and Standard-setting Institutions, also the Big Four Accounting Firms have recently disclosed a...
Wirecard’s share price has collapsed after the exposure of its fraud scheme. On Thursday, June 18th 2020, Wirecard’s auditor, EY, stated that, when carrying out its 2019 audit of the firm, it could not find $2 billion in the company’s accounts, funds that the German firm later...
Some episodes at KPMG are creating tension between partners and are unsettling staff. "Two of KPMG’s most senior financial consultants have quit the Big Four firm after Tim Howarth, their boss, was ousted following an investigation into his conduct". We are talking about Mike Walters and...
Maggie Brereton and Ina Kjaer, former KPMG partners, launched their consulting firm, Eos Deal Advisory. The company has been named after the Greek goddess of the dawn. The two advisors left KPMG this February, as a form of protest to the response that the firm alleged...