KPMG raids rival firm to boost its ranks

KPMG has lured
Neil Henderson from rival
& Young
(E&Y) to become a director in KPMG’s London office, to help
expand the firm’s tax accounting team.

Under his new role, KPMG hopes Henderson, who was a director in E&Y’s tax
accounting, auditing and controls group, can help lead the tax accounting team
on a number of large client audits and also provide specialist knowledge on
aspects of IFRS conversion projects.

‘Tax accounting is a risk that corporates cannot ignore,’ Henderson said.
‘Its complexity continues to increase given the ever changing tax legislation
both in the UK and overseas.

‘There are also significant changes to existing accounting standards on the
horizon (in particular, IAS12, Deferred Tax), and the conversion from US GAAP to
IFRS for US listed groups.’

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