KPMG says rising evidence of fraudulent behaviour has forced it to bring
specialist forensic investigators to most of its restructuring jobs.
Philip Davidson, European head of restructuring at KPMG told The
Independent that signs of fraud in troubled companies have been on the rise
since the economic downturn.
‘One of the features of the past few years has been corporate heads issuing
very exuberant earnings promises and company valuations. What they are realising
now is that the promises don’t match the reality,’ he said.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.