|
|
02 May 2002
The Big Five firm will become the second to adopted LLP status - Ernst & Young became an LLP as soon as the option became available last year.
By becoming an LLP, KPMG will be able to offer its partners protection from legal action where they have not been directly involved. Under the current system, every partner is 'jointly and severally' liable for mistakes made by other partners in the firm.
Although KPMG will be following in the footsteps of E&Y, it had already incorporated its audit practice as long ago as 1996, a move which led it to become the first large accountancy firm to publish its accounts.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment