TS couldn’t help but wince as we read through the US Department of Justice’s agreement with KPMG over the firm’s tax shelter schemes. It was fined $450m (£252m) and was forced to agree to having a monitor stationed in its offices on a humiliating ‘he’s free to go anywhere’ kind of policy.
But just when you thought the DoJ was going for the jugular, it gets all friendly and agrees that KPMG can stay on as DoJ auditor. No conflict of interests there then! Mind you, perhaps the level of trust has dropped somewhat. The settlement is at pains to points out that KPMG’s $450m fine is not deductible for tax purposes. They wouldn’t have tried it, would they?
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.
Deloitte chief executive David Sproul is among 11 chief executives to take part in global executive search firm Odgers Berndtson’s CEO for a Day scheme