close

Practice

Business

Tax

Technology

Regulation

Resources

Rankings

Advertise With US

    Information

    Nearly 11,000 KPMG staff go unpaid

    Nearly 11,000 KPMG staff go unpaid

    Error in systems means KPMG can't pay its staff on payday

    Author Date published April 27, 2012 Categories

    BIG FOUR FIRM KPMG is unable to pay all its UK staff today due to an “error” in its systems, Accountancy Age can reveal.

    A “glitch” in the system has meant that all UK staff, numbering nearly 11,000, have not been paid today as planned but will receive funds on Monday, said a KPMG spokesman.

    Usually KPMG staff are paid on the last Friday of every month however, they will now have to wait until after the weekend.

    KPMG has sent an email to its workforce apologising for the inconvenience.

    There are currently experts looking at the systems to find the cause of the error with more details likely to be revealed later today.

    Share

    Subscribe to get your daily business insights

    More about:

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    1m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    3y

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    KPMG reveals combined deal advisory and consulting practice
    Accounting Firms

    KPMG reveals combined deal advisory and consulting practice

    6m Greg Noble

    KPMG reveals combined deal advisory and consulting...

    The recent advisory cuts at KPMG will affect around 110 staff members in the UK Read More...

    View article
    KPMG and PwC sanctioned by FRC for Eddie Stobart audits
    Accounting Firms

    KPMG and PwC sanctioned by FRC for Eddie Stobart audits

    10m Greg Noble

    KPMG and PwC sanctioned by FRC for Eddie Stobart a...

    After cooperating with the inquiry, the firms and partners received a reduction in fines Read More...

    View article
    Regulator hits KPMG with £3m fine for “serious” audit misconduct
    Accounting Firms

    Regulator hits KPMG with £3m fine for “serious” audit misconduct

    2y Sam Alberti

    Regulator hits KPMG with £3m fine for “serious” au...

    The sanctions relate to the firm’s audit of Conviviality PLC between 2017 and 2018 Read More...

    View article
    Q&A: KPMG senior partner James Kergon
    Accounting Firms

    Q&A: KPMG senior partner James Kergon

    3y Sam Alberti

    Q&A: KPMG senior partner James Kergon

    Accountancy Age spoke with KPMG senior partner for Scotland James Kergon, who outlined his background and the key goals for his tenure Read More...

    View article
    Brydon Report: Industry reacts to findings and audit recommendations
    Accounting Firms

    Brydon Report: Industry reacts to findings and audit recommendations

    4y Chris Jewers

    Brydon Report: Industry reacts to findings and aud...

    Following the release of the Brydon report, in which Sir Donald Brydon has made 64 recommendations on how to improve the troubled UK audit industry, A...

    View article
    KPMG partner cull – between a rock and a hard place?
    Accounting Firms

    KPMG partner cull – between a rock and a hard place?

    4y Tom Lemmon

    KPMG partner cull – between a rock and a hard plac...

    In recent weeks, rumours around the Big Four firm potentially culling a significant number of UK partners have swirled, with the Financial Times repor...

    View article
    FRC audit inspection finds no improvement on last year
    Accounting Firms

    FRC audit inspection finds no improvement on last year

    5y Chris Jewers

    FRC audit inspection finds no improvement on last ...

    75% of FTSE 350 audits assessed as good or requiring limited improvements, failing to meet the FRC's 90% target Read More...

    View article
    KPMG replaces PwC as Croda auditor
    Accounting Firms

    KPMG replaces PwC as Croda auditor

    7y Idris Nagri

    KPMG replaces PwC as Croda auditor

    KPMG will take on audit responsibilities from 1 January 2018, with shareholders due to vote on the firm’s appointment in April next year at Croda’s An...

    View article