Big 4
KPMG flunks US overseas audit inspections twice as often as rivals [Financial Times] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. The findings raise further questions over KPMG’s ability to enforce common standards across its global network after a string of run-ins with regulators and internal controversies.
Deloitte & Touche LLP CEO Lara Abrash Wants Her Teams To Swing For The Fences [Forbes]
Abrash sees plenty of opportunities to develop her risk-taking potential both at work and at play. As the Chair and CEO of Deloitte & Touche LLP, Abrash leads a team of some 16,000 who, she says, look to her to set “an inspirational vision, get people excited and let people know that they can be their authentic selves” while fulfilling the organization’s mission. Abrash says she took a “massive risk” by modernizing Deloitte’s technology capabilities. The risk proved successful and helped Deloitte improve its operations even as it contributed to earning Abrash recognition as one of the American Institute of Certified Public Accountants’ 2022 Most Powerful Women in Accounting. When she’s not leading those 16,000 members of her Deloitte team, Abrash is wearing a different hat – literally a different hat – as the manager and first baseman of the Cougars, a competitive women’s softball team in New York…