His departure comes at a difficult time for the profession as its faces the fallout from the Enron fiasco.
Normally the KPMG international chairman holds the post for a period of four years. No reasons have been given for Butler’s early departure.Previously, Butler had been in charge of the US practice of the Big Five firm and, despite being one of the fiercest opponents of splitting consultancy work away from the audit firms, was instrumental in hiving off KPMG Consultancy Inc.
Mike Rake, the UK’s senior partner, is tipped as a possible successor.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars