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KPMG’s Road to Redemption
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Subscribe21 NOV 2024 / ACCOUNTING & TAXES
KPMG UK, under CEO Jon Holt's leadership, has made a significant rebound, improving its audit reputation after a series of regulatory failures and fines. Despite triumphs in the audit division, including a 30% revenue jump between 2021 and 2023 and securing a £223 million government contract, the firm's consulting arm faces challenges to keep pace with competitors.
At Legal & General’s annual meeting in May 2022, one frustrated shareholder stood up and delivered a zinger: “Don’t we deserve auditors of the very highest reputation?” The audience’s applause said it all—KPMG, one of the Big Four accounting firms, wa...
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