Organisation: KPMG

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>EY, which is one of the Big Four accounting giants, announced its plans for a split in September after regulators voiced concerns that the audit arm would not do its job fairly for its client if it also employed EY as a consultant. Picture: Sasko Lazarov / RollingNews.ie</p>

S comment-analysis

Eamon Quinn: Accounting giant EY stalls plan to scale its Everest

Accounting firm called off plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its business

<p> The Youghal stadium has been repeatedly marked for closure in recent years after a 2019 report by consultants Indecon recommended same, citing low attendance levels and poor infrastructure. Picture: Howard Crowdy</p>

munster

Deal signed to keep Youghal greyhound stadium open

The stadium, which hosts greyhound racing on Mondays and Wednesdays, was on the verge of shutting down, only for a deal to be agreed one day prior to the lease’s expiry

<p>It is understood that the recommendations have also been shared with both the Higher Education Authority and the Department of Further and Higher Education.</p>

politics

PAC rejects recommendations of report into UL spend on former Dunnes Stores building

UL informed the PAC in March that it was not in a position to share the final report due to a legal action

people

The true cost of returning clothes and penalties for repeat offenders

economy

Hospitality in the crosshairs as discretionary spending falls

330 new jobs and increase in student numbers by 4,000 as part of ambitious new UL Strategic Plan

comment-analysis

Cianan Brennan: Delays spur PAC on to get to the bottom of University of Limerick's dealings

KPMG fined in UK for Bargain Booze audits

"The audit failings in this case were serious [and] spanned several significant areas of the financial statements," said the FRC's deputy executive counsel.

Wed, 19 Jan, 2022

Government seeks new operator for €800m search and rescue helicopter service

€800m contract put out to competitive tender amid continuing controversy over consultancy

Tue, 21 Dec, 2021

Glanbia Co-op shareholders seek delay to key vote on €307m deal

The co-op vote on the deal will mark a huge resetting of the dairy industry in Ireland.

Wed, 15 Dec, 2021

State paid €42m to consultants for National Broadband Plan

The rollout of the National Broadband Plan has come in for much criticism since its inception due to the slow pace of delivery

Thu, 25 Nov, 2021

KPMG’s UK audits unacceptable, watchdog says

Across the UK’s seven biggest auditing firms – including Ernst & Young and Deloitte – almost 30% of all bookkeeping was below par in the year to the end of March, according to the Financial Reporting Council’s annual report

Fri, 23 Jul, 2021

Big Four accountancy firms still dominating UK audits despite promised competition shake-up

Despite tough economic conditions, the Big Four raised average audit fees by 7.7%

Wed, 14 Jul, 2021

UL unable to provide evidence of evaluating €8m site purchase

UL proceeded with the purchase of a vacant site in Limerick city, allegedly for €5m above its value, despite concerns raised by members of its own governing authority.

Thu, 17 Jun, 2021

KPMG to examine University of Limerick spend on former Dunnes Stores building

The university purchased the Limerick city centre site for about €8m

Wed, 16 Jun, 2021

Silhouetted wind turbine at a rural windfarm.

Irish onshore wind sector eyes €5bn investment boost

Ireland 'should have no trouble' attracting the funds to double its land-based wind energy capacity

Thu, 15 Apr, 2021

Ban KPMG from removing stock, say former Debenhams workers

Protestors are back on the picket line, following a temporary ceasefire, after the former workers voted down a Government deal by a majority of 91%

Fri, 15 Jan, 2021

Former Debenhams staff say they are prepared to be arrested

Injunction will be considered by High Court next week

Fri, 09 Oct, 2020

Debenhams should 'do the right thing' and pay agreed redundancy, Taoiseach says

In March, the department store announced that it intended to liquidate all operations in Ireland due to the financial impact of Covid-19.

Wed, 08 Jul, 2020

Britain's 'Big Four' accounting firms ordered to separate audit divisions

The UK’s dominant accounting firms must separate their audit units from other operations by June 2024 as the country’s industry watchdog reacts to shortcomings that led to the collapse of several companies.

Mon, 06 Jul, 2020

Row over sale of €2.95m Georgian property in Dublin 4 is struck out

A dispute concerning the €2.95 million sale of a Georgian property in Dublin 4 has been struck out by the Commercial Court.

Mon, 06 Jul, 2020

Investors spy an open goal with Italian soccer's reconstruction

Italian soccer has fallen a long way from its heyday. Now, the chance to refurbish one of Europe’s top leagues to its former glory has attracted interest from a clutch of private equity firms who are betting on getting a bargain.

Sun, 05 Jul, 2020

Interim examiner appointed to the Irish-headquartered parent of Apple reseller Compu b

An interim examiner has been appointed by the High Court to the Irish-headquartered parent of Compu b, a reseller of Apple premium computer products, and three related companies in the UK employing a total 395 people, of whom 110 are in Ireland.

Fri, 03 Jul, 2020

Work of Siteserv commission extended by three months

The Commission of investigation into the sale of utility company Siteserv has been extended by three months as it emerged that the inquiry has cost more than €12m to date.

Wed, 01 Jul, 2020

Irish shopping centres 'face much of the same pressures as UK counterparts'

Colm Lauder, senior retail estate analyst at Goodbody, said the experience of rent collection by large retail owners was remarkably similar in Ireland and Britain in recent months because they both face similar lengthy lockdowns.

Fri, 26 Jun, 2020

After BP takes a hit, investors widen climate change campaign

Investors managing €1.9 trillion in assets are widening a campaign pressing oil majors to better reflect climate risks in their accounting, and will soon target other businesses with heavy fossil fuel exposure, the group said.

Mon, 22 Jun, 2020

Wirecard CEO quits as search for missing billions hits dead end in Asia

The chief executive of Wirecard resigned on Friday after the search for €1.9 billion of cash missing from the embattled electronic payments firm hit a dead end in the Philippines.

Fri, 19 Jun, 2020

Business Movers

Here is a selection of people starting new roles with companies and organisations with operations in Ireland, including Cornmarket, AMX, Oaklee Housing, Mondi, ESRI and Neuromod Devices.

Fri, 29 May, 2020

All of the winners of the Children’s Books Ireland Awards are women

The five women include writers and illustrators of verse novels and Irish language books.

Tue, 19 May, 2020

Interim examiner appointed to Joe.ie owner Maximum Media

An interim examiner has been appointed by the High Court to digital media company Maximum Media, which owns Joe.ie and employs 52 people here.

Fri, 15 May, 2020

Meath entrepreneur up against top global brands at Vogue Beauty Awards

Indeora, a healthy magnesium-based deodorant was created by Eimear Tully and has been shortlisted in the Best in Wellness category of The Vogue Beauty Awards 2020.

Fri, 15 May, 2020

Munster businesses see new opportunities despite Covid-19 challenges

More than half of Munster businesses surveyed by KPMG said they see multiple new opportunities for their companies in the next 12 months, as they adapt to the current challenges associated with Covid-19.

Thu, 14 May, 2020

Joint liquidators confirmed to USIT student travel group

The firms, which employed 149 people, say their collapse was entirely due to the Covid-19 pandemic.

Mon, 27 Apr, 2020

Debenhams workers vow to fight for fair redundancies

Debenhams workers in Ireland, some with more than 40 years’ service, have vowed to continue fighting for fair redundancy following the appointment of provisional liquidators to the retail giant.

Tue, 21 Apr, 2020

Staff at Irish Debenhams stores to hold protests

The company announced earlier this month to liquidate its Irish stores, resulting in around 2,000 people losing their jobs.

Tue, 21 Apr, 2020

Number who can’t repay debt set to surge

An insolvency expert is predicting a “dam burst” in the number of households unable to make mortgage payments as a result of the Covid-19 crisis in the coming months.

Tue, 21 Apr, 2020

Debenhams: 'No option' but to shut 11 stores in Republic after Covid-19 shutdown added to losses

Debenhams Ireland said it had “no option” but to shut permanently its 11 outlets in the Republic with the loss of at least 957 directly- employed jobs because it was loss-making for a number of years.

Thu, 16 Apr, 2020

Liquidators appointed to operator of Debenhams' Irish stores

Debenhams rejected an accusation by union Mandate that it had cynically used the Covid-19 situation as an excuse to shut down its Irish stores.

Thu, 16 Apr, 2020

Golf authorities 'highlighting the plight of clubs to government'

Golf’s governing bodies in Ireland have revealed they are directly engaged with government agencies in both the Republic and Northern Ireland to establish support measures for the industry.

Fri, 27 Mar, 2020

Provisional liquidators appointed to USIT travel group as result of coronavirus crisis

Severe restrictions on international travel as a result of the pandemic has lead to cancellations of many spring and summer travel

Fri, 27 Mar, 2020

Brian Keegan: Businesses need to be allowed imaginative rule bending in the Covid-19 crisis

It is startling the extent to which the coronavirus pandemic has changed the ground rules for business, writes Brian Keegan.

Sun, 22 Mar, 2020

Tales in Irish and verse make children’s books shortlist

Ten titles are competing for the Children’s Books Ireland Awards. The shortlist includes four books published by independent Irish publishers, three written in Irish, and three verse novels.

Tue, 10 Mar, 2020

Cork office building closes as 'precaution' after individual in 'close contact' with Covid-19 patient

The building premises at 85 South Mall is now to undergo a “deep clean” and staff have been instructed to work from home.

Mon, 09 Mar, 2020

Move into Grant Thornton's South Mall shoes

As Grant Thornton joins the list of professional advisory titans shifting their expanding Cork city workforces to larger premises, the slender, refurbished period brick-faced 14 South Mall has come to market with an annual rent of about €78,000.

Wed, 04 Mar, 2020

Housing can lay foundations for growth and is key to retaining staff

A third of the cost of us producing a house is taxed, or controlled by the state, between Vat and planning contributions.

Mon, 24 Feb, 2020

UK financial watchdog plans climate change scrutiny

Britain’s financial accounting watchdog plans to review how companies and auditors assess and report the impact of climate change on their businesses.

Thu, 20 Feb, 2020

Poppulo eyes 30% growth in further push into employee communications

Irish company Poppulo said it's aiming for 30% annual growth over the next five years as it eyes further expansion in the internal communications sector.

Tue, 18 Feb, 2020

New talent development award is to be presented at American Chamber annual dinner

The Royal Irish Academy and the American Chamber of Commerce Ireland have jointly announced a new award category which will recognise innovation within talent development in the 2020 US-Ireland Research Innovation Awards.

Mon, 10 Feb, 2020

US-Irish links can be even stronger

Kyran Fitzgerald analyses the latest economic signals which point towards continuing good times the US-Irish trade.

Fri, 07 Feb, 2020

Brexit could reduce consumer choice

Brexit could see many popular products disappearing from the shelves of Irish stores as providing them becomes less economically viable for suppliers.

Thu, 06 Feb, 2020

Audit and risk group claims Cork GAA figures ‘misleading’

The Cork County Board’s audit and risk sub-committee has threatened to resign after advising the board executive to inform last week’s annual convention that the board’s deficit is more than €2.4m — and not the €560,000 figure given to delegates.

Tue, 17 Dec, 2019

Puzzles hub