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KPMG

KPMG fined 3.3mn pounds over Rolls-Royce audit

LONDON: Britain’s accounting watchdog said on Tuesday it has fined KPMG 3.3 million pounds ($4.16 million) over the...

Published 24 May, 2022 05:55pm

World

Singapore files 13 more charges in massive nickel trading fraud

SINGAPORE: Singapore prosecutors on Monday filed 13 additional charges against a local businessman in relation to a...

Published 29 Jun, 2021 03:24am

Business & Finance

Serba Dinamik says audit flags issues with deals involving $847mn

KPMG noted that it was not able to verify contracts and transactions with 11 customers, Serba Dinamik said in a stock exchange filing on Friday.
The deals amounted to total sales transactions of 2.3 billion ringgit, trade receivables balance of 652 million ringgit and materials on site balance of 569 million ringgit, the company said.

Published 29 May, 2021 06:21pm

Business & Finance

Holt to head KPMG's UK arm ahead of Carillion probe outcome

"Now is the time to challenge ways of working and use what we've learnt during the pandemic to really drive positive action," Holt said in a statement.
It indicates the regulator has found breaches of auditing standards and is giving KPMG time to respond before it makes a final decision on whether to pursue enforcement action and financial penalties.

Published 12 Apr, 2021 07:26pm

Business & Finance

Uzbekistan names consultants for 18 privatisation deals

The three consultancies "will support UzAssets by providing financial, tax and legal due diligence, valuation services and identifying and negotiating with potential buyers", it said in a statement.
Among the assets to be sold off are majority stakes in Kafolat, one of the Central Asian nation's largest insurance companies, Quartz, the country's largest glass producer, and Trest-12, a leading construction company.

Published 06 Apr, 2021 09:52am

Business & Finance

Italy expects EU to OK renewal of GACS bad loan scheme in April

GACS scheme helped Italy's banks shed 87 bln euros in bad loans.
Set to ease up to 25 bln euros in sales in 2021 – KPMG.
Italy refuses to extend measure to unlikely-to-pay (UTP) loans.

Updated 02 Apr, 2021 09:16pm

Business & Finance

Major employers scrap plans to cut back on offices - KPMG

Just 17% of chief executives plan to cut back on offices, down from 69% in the last survey in August.

Published 23 Mar, 2021 10:18am

Technology

Big Tech backs plan to tackle e-waste crisis

PARIS: Major technology firms including Dell, Microsoft and Google have joined a new initiative aimed at creating a...

Published 22 Mar, 2021 04:18am

Business & Finance

KPMG's South Africa arm to stop offering ‘non-audit-related services’

A number of firms, including Barclays Africa and Sibanye-Stillwater, and the national government have stopped using KPMG.
Non-audit-related services include consulting, business analysis, and legal or expert services unrelated to the audit.

Published 15 Feb, 2021 07:31pm

Business & Finance

KPMG boss resigns after ‘moaning’ jibe at audit staff

LONDON: The UK chairman of KPMG has resigned after he told staff at the global accountancy firm to “stop ...

Published 14 Feb, 2021 03:49am

Audit of FY 2019-20: Nadra likely to appoint EY Ford Rhodes

ISLAMABAD: The National Database & Registration Authority (Nadra) is likely to appoint M/s EY Ford Rhodes to...

Published 26 Jan, 2021 05:05am

Business & Finance

M&A deals in Turkey bounce back to $6.9 billion: KPMG

Together with undisclosed deals in 2020, the value was estimated at $9 billion.
KPMG expects a billion-dollar M&A deal in the technology sector this year.

Published 04 Jan, 2021 07:22pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 13 786 Investments Limited(786)	4.91 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 13 Al-Abbas Sugar Mills Limited(AABS)	290.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 13 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 13 Allied Bank Limited(ABL)	69.85 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 13 Abbott Laboratories (Pakistan) Limited(ABOT)	622.22 ▼ 0.00 (0.00%)
Abson Ind. / Aug 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 13 Alfalah Consumer Index ETF.(ACIETF)	8.00 ▼ 0.00 (0.00%)
Attock Cement / Aug 13 Attock Cement Pakistan Limited(ACPL)	75.88 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 13 786 Investments Limited(786)	4.91 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 13 Al-Abbas Sugar Mills Limited(AABS)	290.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 13 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 13 Allied Bank Limited(ABL)	69.85 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 13 Abbott Laboratories (Pakistan) Limited(ABOT)	622.22 ▼ 0.00 (0.00%)
Abson Ind. / Aug 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 13 Alfalah Consumer Index ETF.(ACIETF)	8.00 ▼ 0.00 (0.00%)
Attock Cement / Aug 13 Attock Cement Pakistan Limited(ACPL)	75.88 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 12	216.50
USD PKR Interbank Buying / Aug 12	215.50
USD to Japanese Yen / Aug 12	133.42
USD to Swiss Franc / Aug 12	0.94
Pound Sterling to USD / Aug 12	1.21
Euro to USD / Aug 12	1.03
UK LIBOR % / Aug 12	2.32

Stock	Volume
S&P 500 / Aug 12	4280.15
India Sensex / Aug 12	59462.78
Tokyo Nikkei / Aug 12	28546.98
Nasdaq / Aug 12	13047.19
Hang Seng / Aug 12	20175.62
FTSE 100 / Aug 12	7500.89
Dow Jones / Aug 12	33761.05
Germany DAX 30 / Aug 12	13795.85
France CAC40 / Aug 12	6553.86

Item	Value
Crude Oil USD/Barrel / Aug 12	92.09
Karachi Cotton PKR/37.32 KG / Aug 12	17735.00
Gold 10 Grams PKR / Aug 12	129600.00
Gold Spot USD/Ounce / Aug 12	1802.40
Cotton US¢/pound / Aug 12	108.59

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