close

Practice

Business

Tax

Technology

Regulation

Resources

Rankings

Advertise With US

    Information

    KPMG halts legal services

    KPMG halts legal services

    KPMG has announced that it is ending the provision of legal services provided by its legal arm, KLegal, to avoid conflicts of interest.

    Author Date published November 7, 2003 Categories

    Link: KLegal swoops on Scots firm

    It is the first firm to take action on legal services to reflect changes in US corporate governance rules enshrined in the Sarbanes-Oxley Act.

    The Act bans accounting firms from providing legal services to audit clients. Deloitte is also understood to be reviewing its links with affiliated legal practices.

    KPMG said it would remain a multi-disciplinary firm focused on audit tax and advisory services.

    ‘Member firms of the KLegal International network are now discussing the formation of a new legal grouping that will be completely independent of KPMG, and which will work with KPMG member firms – where appropriate – on a non-exclusive basis,’ KPMG said in statement.

    Share

    Subscribe to get your daily business insights

    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

    DJH Mitten Clarke evolves brand to DJH
    Accounting Firms

    DJH Mitten Clarke evolves brand to DJH

    2w Idris Nagri

    DJH Mitten Clarke evolves brand to DJH

    Three years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...

    View article
    Unlocking success in end-of-year budget reviews
    Accounting Firms

    Unlocking success in end-of-year budget reviews

    1m Idris Nagri

    Unlocking success in end-of-year budget reviews

    Static budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...

    View article
    Rebranding heritage: Saffery's pivot from tradition to innovation
    Accounting Firms

    Rebranding heritage: Saffery's pivot from tradition to innovation

    1m Rachael Kennedy

    Rebranding heritage: Saffery's pivot from traditio...

    Saffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...

    View article
    Recession or not, local accountancy practices can help their clients to grow
    Accounting Firms

    Recession or not, local accountancy practices can help their clients to gro...

    1m Warren Mead

    Recession or not, local accountancy practices can ...

    Sumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...

    View article
    Top 50+50 Accountancy Firms 2023: Firms report total fee income growth amid market volatility
    50+50

    Top 50+50 Accountancy Firms 2023: Firms report total fee income growth amid...

    2m Rachael King

    Top 50+50 Accountancy Firms 2023: Firms report tot...

    Mid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...

    View article
    Baker Tilly International announces record growth
    Accounting Firms

    Baker Tilly International announces record growth

    2m Idris Nagri

    Baker Tilly International announces record growth

    Baker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...

    View article
    Why good accountants need to be more visible to small businesses
    Accounting Firms

    Why good accountants need to be more visible to small businesses

    2m Adam Harper

    Why good accountants need to be more visible to sm...

    Whilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...

    View article
    Malcolm Gomersall steps up as new CEO of Grant Thornton
    Accounting Firms

    Malcolm Gomersall steps up as new CEO of Grant Thornton

    3m Idris Nagri

    Malcolm Gomersall steps up as new CEO of Grant Tho...

    Grant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...

    View article