The U.K.'s accounting watchdog has asked the firms to submit a plan by Oct. 23 for separating their audit and consulting businesses.
The three auditors agreed to suspensions for violating auditor integrity rules by improperly sharing answers to internal training tests.
Even before COVID-19 thrust AI into the spotlight, the technology was gaining widespread adoption in the most surprising places.
As artificial intelligence options pile up, it gets harder to tell what's real from what's fake. But there may be reason to hope for greater clarity: KPMG.
The 14% decline in U.K. profits "follows a series of reputational setbacks for KPMG over the past two years."
Companies are gaining confidence that their use of artificial intelligence is starting to pay off: KPMG study.
The Canadian cannabis company is embroiled in a scandal over an unlicensed grow facility.
The fine is the latest in a series of penalties levied on KPMG for poor performance.
Those surveyed by KPMG have employed various strategies to reduce the added cost.
The SEC's case against KPMG demonstrates that sloppy audits and conflicts of interest aren't the only challenges the Big Four face.
The Big Four firm says it wants to "restore trust in audit" but a U.K. regulator indicates the changes don't go far enough.
Analysis suggests aspiring CFOs should make lateral moves outside of finance to get the broad experience companies are seeking today.
