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By Reuters Staff 2 Min Read FILE PHOTO: The KPMG logo is seen at their offices at Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause//File Photo LONDON (Reuters) - Global accountants KPMG said on Monday that Jon Holt has been elected by partners to head its 2.3 billion pound ($3.17 billion) UK arm, which faces a potential fine and major industry reform. Holt, head of audit since 2019, takes up the CEO job immediately until September 2025, replacing Bill Michael, who resigned after reports that he told partners to “stop moaning” about the impact of ...

By Reuters Staff 2 Min Read PARIS (Reuters) - Shares in French IT consulting firm Atos fell sharply on Thursday after the company disclosed that auditors had found accounting errors at two of the firm’s U.S. units. FILE PHOTO: People walk in front of Atos company's logo during a presentation of the new Bull sequana supercomputer in Paris, France, April 12, 2016. REUTERS/Philippe Wojazer Atos shares were down 18% in early trading on the Paris bourse, then recovered some ground and were trading down 13.8 % at 0805 GMT. Citi downgraded its outlook on the stock to neutral, citing the accounting...

8 Min Read FRANKFURT (Reuters) - The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country’s biggest post-war fraud scandal. FILE PHOTO: Wirecard's former boss Markus Braun looks on during a break in his hearing before a German parliamentary committee in Berlin, Germany, November 19, 2020. REUTERS/Fabrizio Bensch/Pool/File Photo The payment company filed for insolvency on June 25 last year, owing creditors almost $4 billion, after disclosing a 1.9 bi...

By Reuters Staff 1 Min Read FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay LONDON (Reuters) - Britain’s accounting watchdog said on Friday it had opened an investigation into audits conducted by Deloitte of car dealership operator Lookers. The investigation will look at financial statements for the years ended Dec. 31 2017 and 2018, the Financial Reporting Council said in a statement. Deloitte said it was taking the investigation seriously and was fully cooperating with the FRC. “Audit quality is our priority and we are committed to m...

Large companies from carmaker Tesla Inc to business intelligence firm MicroStrategy Inc have swapped billions of dollars in cash for bitcoin in recent months.