KPMG Turns the Page

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According to Accounting Today, KPMG is appointing new leaders to its U.S. audit, tax and advisory businesses, as well as a new leader in charge of growth & strategy, in an effort to boost its reputation after a number of scandals.

Questions:

  1. What was the scandal involving PCAOB inspections of the firm?
  2. What were the auditing scandals in the U.K., the EU and South Africa?
  3. What is the firm’s ACCELERATE 2025 strategy?
  4. How do you see that the ACCELERATE 2025 program will strengthen KPMG’s culture and values?

Source:

Cohn, M. (2020) KPMG names new practice leads as part of ‘a new chapter’. Accounting Today, July 13 (Retrievable online at https://www.accountingtoday.com/news/kpmg-names-new-management-team-in-bid-to-improve-reputation?)