{"id":79901,"date":"2025-01-30T08:39:29","date_gmt":"2025-01-30T08:39:29","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=79901"},"modified":"2025-01-30T08:39:29","modified_gmt":"2025-01-30T08:39:29","slug":"the-rewards-for-failure","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/01\/30\/the-rewards-for-failure\/","title":{"rendered":"The rewards for failure"},"content":{"rendered":"<p>No audit firm has paid more fines for poor-quality work than KPMG.<\/p>\n<p>This <a href=\"https:\/\/www.ft.com\/content\/52357a92-8335-4459-87dc-bc5925dbe633?segmentId=bf7fa2fd-67ee-cdfa-8261-b2a3edbdf916\" target=\"_blank\" rel=\"noopener\">morning, the FT<\/a> reports:<\/p>\n<blockquote><p>KPMG\u2019s UK partners enjoyed their biggest payday last year as cost-cutting boosted the Big Four firm\u2019s profits in spite of slowing revenue growth.<\/p>\n<p>Payouts for KPMG\u2019s UK partners climbed 9 per cent to an average of \u00a3816,000 for the year to the end of September, the firm said on Wednesday.<\/p><\/blockquote>\n<p>Such are the rewards for failure in the UK.<\/p>\n<p>In the interests of full disclosure, I trained with what became KPMG, leaving in 1983.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No audit firm has paid more fines for poor-quality work than KPMG. This morning, the FT reports: KPMG\u2019s UK partners enjoyed their biggest payday last<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/01\/30\/the-rewards-for-failure\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,26,23],"tags":[],"class_list":["post-79901","post","type-post","status-publish","format-standard","hentry","category-accountancy","category-accounting","category-kpmg"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=79901"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79901\/revisions"}],"predecessor-version":[{"id":79902,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79901\/revisions\/79902"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=79901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=79901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=79901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}