PracticeAuditKPMG considered entering credit-rating market

KPMG considered entering credit-rating market

Head of Big Four firm said it is "plausible" to enter rating industry

The head of Big Four firm KPMG is “passively considering” entering the credit
rating agency business but believes obstacles may be too great, the
Financial
Times
reports
.

John Griffith Jones, chairman of KPMG UK, said while starting a credit rating
arm was a “plausible” move, fears of conflicts of interest “probably makes it
impractical”.

“It is something that we talk about as a plausible thing to do. It is
effectively something we would be proficient at doing,” he said.

“But it’s not on the agenda at the moment.”

Further reading:

KPMG and
PwC eye rating move

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
KPMG rocked by South African corruption scandal

Audit KPMG rocked by South African corruption scandal

3m Alia Shoaib, Reporter
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

3m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

4m Alia Shoaib, Reporter
KPMG fined £4.8m over Miller Energy audit

Audit KPMG fined £4.8m over Miller Energy audit

4m Alia Shoaib, Reporter
NAO takes over from EY as BBC auditor

Audit NAO takes over from EY as BBC auditor

5m Alia Shoaib, Reporter
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

7m Emma Smith, Managing Editor