KPMG has agreed to pay $50m to settle claims that it went back to alter audits it had already completed, after using stolen data from a watchdog that revealed they were about to be inspected.

The Securities and Exchange Commission (SEC)  said it had charged the company with changing past audit work ahead of inspections by the Public Company Accounting Oversight Board.


Troubled construction and services firm Kier has said it will cut 1,200 jobs as it seeks to make cost savings of £55m a year by 2021.


In a world of growing disruption, it is vital that finance leaders play a key role in the  digital transformation journey their organisations are undertaking.

Join Lawrie Holmes, Editor of Financial Director, at the Tower of London on 10 July to discuss how CFOs and FDs achieve these aims in an event hosted by enterprise performance software provider Jedox: