Big Four auditors

Will AI kill media, law, accounting jobs in Singapore? The fears may be overblown

Users and experts weigh in on the concern foremost on the minds of workers and jobseekers today

“If the President of the US says this is top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that,” said Paolo Ardoino, CEO of Tether.

Tether engages ‘Big Four’ firm for long-awaited reserve audit

An audit would help Tether improve the transparency of its reserves, which are currently subject to quarterly reports but not a full audit

NP students Lim Hui Zhen (left) and Aaron Hemmings intend to tap the PPP after graduation.

No degree? No problem: New initiative could see more aspiring accountants shun university route

The S$6 million push by the Institute of Singapore Chartered Accountants aims to widen the talent pool

The Big Four accounting firms say they have no plans to downsize their audit teams locally.

Singapore’s Big Four auditors tap AI to streamline audit processes, enhance efficiency

Although research shows accountants at risk of job losses from AI, local firms are committed to workforce stability and growth

PwC is among the big firms trying to kill the rule at the eleventh hour in a move that has raised eyebrows among some investor groups.

Audit quality fight turns nasty

Big firms are fighting proposed rules on external oversight

The Supreme Court building in Singapore. Hyflux's civil lawsuits against founder Olivia Lum and KPMG will be tried jointly in the High Court.

KPMG fails to strike out parts of Hyflux’s statement of claim

The High Court notes that the plaintiffs also ‘adequately pleaded’ KPMG’s alleged breach of contract and duty

Regulators fear auditors are failing in their role as a last line of defence for investors against corporate shenanigans
THE BOTTOM LINE

Why don’t auditors find fraud?

Regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing

Abrdn's authority to push for governance improvements in its portfolio companies is undermined if it is vulnerable to criticism itself.
THE BOTTOM LINE

KPMG’s 40 years auditing for one asset manager is plenty, thanks

The long-standing relationship between the Big Four firm and Abrdn sets a poor example on the critical issue of auditor independence

Lee Sze Yeng, managing partner at KPMG, says that the Singapore office of the professional services giant is training staff and building its own ESG capabilities accordingly.

KPMG Singapore’s new managing partner says ESG is next big growth opportunity

KPMG in Singapore is banking on environmental, social, and corporate governance (ESG) services to drive growth, as businesses in the Republic face an urgent imperative to adopt sustainable practices.

EY UK’s pretax profit increased 4 per cent to £659 million in the year to June 2023.

EY cuts UK partner payouts by £40,000 as Big Four face slowdown

ERNST & Young (EY) partners in the UK saw their share of profits drop for the first time in three years as the Big Four audit firms face economic uncertainty.