PracticeAccounting FirmsKPMG cuts number in forensics unit

KPMG cuts number in forensics unit

One in ten forensic accountants at Big Five firm KPMG faces the axe in the latest round of redundancies sweeping through the profession.

Staff were told last week that 10% of the 200-strong group – that specialises in fraud investigations and expert witness work – would have to go.

The move came just six weeks after Adam Bates took over as head of the practice, and is a double blow to the firm which has also lost forensic partner, Phil Haberman, to rival Ernst & Young.

A KPMG spokesman confirmed the job cuts but said the number of losses had not been agreed.

He said: ‘It is a changing business that needs to get in the kind of people who can meet the demands of our clients.’

The job losses were announced at a difficult time for the firm – earlier in the year it was forced to cut 200 employees in its tax practice.

Other firms reported that their forensic businesses was booming and had no plans to make any job cuts.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

1h Emma Smith, Managing Editor
Where is your next client coming from?

Accounting Firms Where is your next client coming from?

2d James Noble, Propero Partners
Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

2d Austin Clark, Reporter
Top 50+50: Big Four hold steady, shake-up outside Top 20

Accounting Firms Top 50+50: Big Four hold steady, shake-up outside Top 20

2w Emma Smith, Managing Editor
Top 50+50: Revenue rises spark rankings shake-up

Accounting Firms Top 50+50: Revenue rises spark rankings shake-up

2w Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

1w Austin Clark, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2w Alia Shoaib, Reporter