KPMG is close to a settlement with the US Department of Justice over its sale
of abusive tax shelters, according to reports.
The Financial Times reported this morning that the Big Four firm is set to
enter into a deferred prosecution agreement, putting the firm on probation for a
period of between 12 and 18 months, it is reported.
An announcement on the deal could even come this week, the FT said.
See this Thursday’s Accountancy Age for updates.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton