KPMG

Britain yesterday unveiled long-awaited reforms to the country's corporate reporting and audit regime via a new regulator after a swathe of recent high-profile bankruptcies - but the revamp is a watered-down version of an originally mooted shake-up.    

The Turkish banking sector was prepared when the economic crisis driven by the novel coronavirus struck, according to global audit and consultancy firm KPMG on May 6.

KPMG in Turkey analyzed the sectoral impact of the pandemic that shook the world.

The size of Turkey's retail sector reached 1.1 trillion Turkish Liras ($193 billion), according to a report by audit and consultancy firm KPMG Turkey.

The industry contracted in the first three quarters of 2019 by 5.3 percent, 3.9 percent and 1 percent, respectively last year.

The initial indicators suggest a recovery in 2020, the report added.

Turkish banking sector gives solid signals for the 2020s, the global audit and consultancy firm KPMG said on Dec. 16.  

The sector will focus on maintaining its strong asset quality, the KPMG said in a statement.

Amid concerns about the negative economic and social repercussions of the brain drain, a new survey by Greece's KPMG chapter has found that four in 10 of the Greeks who left the country during the crisis years have no intention of returning.

UK-headquartered multinational Ernst & Young has been selected by the Bulgarian National Bank to become its international auditor for 2015-2017, the institution has announced.

On an annual basis, the consolidated financial report of BNB has to be verified by an international auditor chosen through a public procurement procedure.

Macedonia's Transport Ministry has issued a call to choose a consultancy firm tasked with coming up with the best privatization model for the national postal service, Makedonska Posta AD.

BELGRADE - In cooperation with the four largest consulting agencies in the Serbian market, the Serbian Chamber of Commerce (PKS) has established the Business Environment Council, reads a statement issued by the PKS.

KPMG Bulgaria will be fined BGN 100 000 due to major shortcomings and discrepancies in the audits of the Corporate Commercial Bank (KTB, Corpbank).

The risk of Bulgaria losing EUR 1.6 B in EU funding for agriculture has increased substantially due to the failure of the Agriculture Ministry to select an auditing authority for the payments made in the period October 16, 2013 - October 15, 2014.