KPMG

Saudi Wealth Fund's Consulting Ban on PwC Opens Doors for Rivals

1 month ago

In a significant development impacting the consulting sector, PricewaterhouseCoopers (PwC) has been barred from providing services to Saudi Arabia's Public Investment Fund (PIF). This decision is primarily linked to an internal investigation concerning the firm’s compliance and governance practices. The move has sent ripples through the industry, prompting competitors to scramble for opportunities that have suddenly arisen in the lucrative market of Saudi Arabia.

Australians Opt for Home Renovations Over New Constructions, Says KPMG

5 months ago

In a recent report released by KPMG, a notable shift in Australian homeowners' preferences has been identified. Rather than pursuing new home builds, many Australians are choosing to invest in renovations and upgrades to their existing properties. This trend comes amid a significant decline in the overall housing market, fueled by escalating interest rates, economic uncertainty, and rising construction costs.

KPMG Reduces U.S. Audit Workforce by 4% Amid Persistent Low Turnover Rates

6 months ago

In a significant move aimed at addressing ongoing workforce challenges, KPMG has announced a reduction of its United States audit staff by 4%. This decision comes as the firm grapples with an exceptionally low turnover rate that has put a strain on its operational flexibility and client engagement capabilities. The global professional services firm, known for its comprehensive audit, tax, and advisory services, has acknowledged the necessity of recalibrating its workforce to remain competitive and responsive to market dynamics.

Canadian CEOs' Growing Concerns Over Economic Growth: Insights from KPMG

7 months ago

A report by KPMG annually shows CEOs in Canada being increasingly concerned about economic growth in the subsequent years. A study of corporate leaders throughout the country revealed many factors behind the growing negativity in the CEO outlook on the future of the Canadian economy.