Wiley published this yesterday: This paper has been in the making for about six years, and I offer my thanks to Len and, most especially,
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The P&O accounts debacle escalates
The story I posted here yesterday, on the late-filing of the accounts of P&O Ferries, reached ITN today, and it looks likely that parliamentary involvement
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KPMG, P&O, and the state of UK company law
I only talk about auditing on this blog every now and again, even though the role of the auditor is absolutely fundamental to the operation
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The rewards for failure
No audit firm has paid more fines for poor-quality work than KPMG. This morning, the FT reports: KPMG’s UK partners enjoyed their biggest payday last
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KPMG are the very last people to train civil servants – but that’s what they’re going to do
August Bank Holiday Monday is no a day for news, as this morning’s emails are confirming. But then I noticed that this headline had slipped
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Tax havens exist to undermine democracy. They are a fundamental threat to our way of life.
Not long after I first began to work on tax haven reform more than twenty years ago I realised that the problem that these places
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Audit failure is not down to any one firm: the whole audit system is designed to fail to suit the interests of big business and their auditors
As the Guardian reports this morning: Britain’s accounting regulator has fined KPMG a record £21m for audits of Carillion, the builder that imploded in 2018
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What is going on at the Big 4?
There are some weird messages coming out of the Big 4 accountants on the state of the economy right now. The messages do not come
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Groupthink creates Bank failure and prevents banking reform
Groupthink is immensely powerful. As I noted yesterday: KPMG issued a clean audit report on the 31 December 2022 accounts of Silicon Valley Bank on
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