Topic
accounting
8 stories related to this topic, newest first.
thesouthafrican.compolitics3 days ago
KPMG Admits Staff Leaked Optus Data to Telstra Bid Team
KPMG chair Martin Sheppard confirmed the breach at a parliamentary hearing. The firm also admitted surveilling a whistleblower and mishandling earlier complaints.
680news.combusiness8 days ago
KPMG Partners Face Parliamentary Hearing Over Document-Sharing Allegations
A parliamentary hearing scheduled for June 19 will examine allegations that KPMG partners misused confidential client documents. The hearing follows an internal whistleblower complaint and subsequent investigations by the firm and regulators.
Japan Timesai16 days ago
Thrive Holdings to Spend $1 Billion Acquiring Nearly 50 Local Accounting Firms and Deploying AI Tax Tools
Thrive Holdings plans to spend $1 billion buying local accounting practices and integrating AI tools. The strategy has already produced measurable time savings and accuracy gains at one acquired firm.
FO
Cnbcfinance33 days ago
Short Seller Grizzly Research Alleges Aggressive Accounting at Ottobock
Grizzly Research released a report questioning accounting practices at German prosthetic maker Ottobock. The firm also raised concerns about majority shareholder Hans Georg Nader's margin loan and Russia business. Ottobock rejected the report's statements and overall conclusion.
ai34 days ago
KPMG Tests AI Simulation Tool for Tax Staff Training
KPMG US is testing an AI-powered simulation tool called TaxSIM to help tax employees build judgment skills. The tool aims to replace some of the repetitive work previously required for skill development.
South China Morning Postworld35 days ago
Hong Kong High Court to Hear Evergrande Liquidators Lawsuit Against PwC on Monday
The liquidators of China Evergrande Group will present their case against PricewaterhouseCoopers International in Hong Kong High Court on Monday. The one-day hearing before Deputy Judge Patrick Fung Pak-tung is open to the public and concerns claims over auditing issues.
betakit.comtechnology38 days ago
Ian Crosby Raises $10M for AI Bookkeeping Startup Synthetic After Bench Accounting Collapse
Ian Crosby, who was fired by Bench’s board in 2021 and whose startup Bench Accounting shut down in 2024 before being bought for scraps, has founded Synthetic to build a fully autonomous AI bookkeeper. Khosla Ventures led the $10 million Seed round with participation from Basis Se…
winnipegfreepress.comworld59 days ago
PwC Agrees to Pay $128 Million to Evergrande Minority Shareholders for Audit Failures
PwC has agreed to a settlement payment related to its auditing work for Evergrande. The payment of $128 million will go to minority shareholders affected by audit failures. The agreement addresses issues in the company's financial reporting oversight.
SC