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The Latest Breaking News from KPMG

Companies are flocking to AI, but only 8% measure the return on investment, KPMG finds

Companies may have AI strategies, but few can prove they are paying off, according to KPMG’s recent report. Euronews Next spoke with Mathieu Wallich-Petit, Head of Clients & Markets at KPMG France about how businesses can move from AI pilots to real impact.

Euronews

Hong Kong banking sector posts strong 2025 results as structural shifts open next wave of growth, says KPMG

HONG KONG, June 18, 2026 /PRNewswire/ -- Hong Kong banks delivered solid headline performance in 2025, with the total assets of all licensed banks increasing by 7.1% to HK$26 trillion and operating profit before impairment charges rising by 5.5% to HK$337 billion. While lower interest rates compressed net interest margins…

AAP

Call for govt to send a stronger integrity message over KPMG allegations

Allegations open door for smaller consulting firms.

The Canberra Times

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KPMG strengthens System of Quality Management framework to drive continuous audit quality improvement in Hong Kong

HONG KONG, June 17, 2026 /PRNewswire/ -- KPMG today announced the release of its Hong Kong Audit Quality Report 2025, outlining plans to strengthen its System of Quality Management (SOQM) framework to drive continuous improvement across all audit engagements. The report also highlights how the firm continues to strengthen audit…

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KPMG lost its clients’ trust, yet kept winning government contracts. Here’s what needs to change

This Friday, senior current and former leaders from major consulting and audit firm KPMG will face a barrage of questions at a parliamentary inquiry in Canberra.

The Conversation

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FED:'Taken for mugs': KPMG referred for corruption probe

Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.

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The Economic Times

Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success stories

KPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations. The report, which contained fabricated case studies and AI-generated inaccuracies, was flagged by GPTZero and the Financial Times. An internal investigation is underway as the firm faces scrutiny…

AAP

FED:'Taken for mugs': consultancy sent to corruption body

Beleaguered consultancy firm KPMG is under further pressure after it was referred to a corruption watchdog while also facing a government probe.

AAP

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