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17 May 2010
The head of Big Four firm KPMG is “passively considering” entering the credit rating agency business but believes obstacles may be too great, the Financial Times reports.
John Griffith Jones, chairman of KPMG UK, said while starting a credit rating arm was a “plausible” move, fears of conflicts of interest “probably makes it impractical”.
“It is something that we talk about as a plausible thing to do. It is effectively something we would be proficient at doing,” he said.
“But it’s not on the agenda at the moment.”
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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
Er... Fail
How can auditors who are unable to properly assess historical information, which are by nature factual, hope to assess and report on projections?
Please focus on sorting out audits firsts before rushing to broaden your revenue base.
How many due diligence reports commissioned by the Big 4 actually carried out proper scenario analysis?
Posted by: Akinsope, 17 May 2010 | 00:00