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News Stories (43 Results) - KPMG

Companies spent the equivalent of around $15 billion extra a week on technology to enable safe and secure home working during COVID-19, reveals the 2020 Harvey Nash/KPMG CIO Survey. This was one of the biggest surges in technology investment in... Read Story
September 23, 2020, 07:26 AM

In the midst of the COVID-19 pandemic, many U.S. CEOs remain confident in the growth prospects of the domestic economy and their companies and are accelerating investments in digital transformation, according to a study released today by KPMG LLP... Read Story
August 26, 2020, 07:18 AM

In the immediate wake of COVID-19, Global 2000 companies moved to slash funding for emerging technologies, such as automation, artificial intelligence (AI), blockchain and 5G, according to new KPMG International research. However, many executives are... Read Story
August 17, 2020, 07:22 AM

CEOs name climate change the top risk to organizational growth in 2019, ahead of technological disruption, return to territorialism, cyber security and operational risk, according to the findings from KPMG’s 2019 Global CEO Outlook. This marks the... Read Story
September 24, 2019, 07:25 AM

U.S. chief executives are highly confident in the growth prospects of the domestic and global economies over the next three years, as they look to grow their businesses while facing unparalleled disruption and change, according to a study released... Read Story
June 10, 2019, 07:20 AM

New standards for lease accounting became effective on Jan. 1 for companies with calendar year ends – but research from KPMG shows that some organizations have fallen behind with their projects and will now be using interim solutions to enable... Read Story
January 11, 2019, 07:25 AM

Driving down operating costs ranks as the top business challenge in a global executive survey from KPMG, but leaders overseeing the numbers view a bigger challenge – enabling digital transformation.According to KPMG’s 3Q 2018 Global Insights Pulse... Read Story
November 30, 2018, 07:15 AM

Investment in U.S. based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018, as investors poured money into startups in fintech emerging segments such as regtech and blockchain, as well as late stage companies... Read Story
August 06, 2018, 07:20 AM

Months from the Jan. 1, 2019 deadline, public companies are struggling to address embedded leases, lease abstracting and integrating new lease accounting software within legacy systems in their efforts to achieve compliance with the Financial... Read Story
July 31, 2018, 07:15 AM

Ninety percent of U.S. bank chief executives (CEOs) are very confident about the growth prospects for their companies over the next three years, with mergers and acquisitions (M&A) and third-party strategic alliances helping fuel this growth... Read Story
July 24, 2018, 07:20 AM

More than 9 in 10 U.S. manufacturing CEOs are confident their companies are keeping pace with technology disruption and innovation, according to the 2018 KPMG Global Manufacturing Outlook. Conversely, only-two thirds of global manufacturing CEOs... Read Story
July 11, 2018, 07:05 AM

U.S. chief executives are highly confident in the growth prospects for their companies over the next three years and will focus on M&A and collaborative efforts such as accelerator or incubator programs for startup firms to achieve sustained growth... Read Story
May 24, 2018, 07:15 AM

Data suggests organizations are moving quickly with the assistance of Big 4 experience and sophisticated technology solutions, but many are not where they need to be. With the January 1, 2019, deadline looming for compliance with the Financial... Read Story
February 21, 2018, 07:21 AM

The Securities and Exchange Commission announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their... Read Story
January 23, 2018, 07:18 AM

While banks, insurers and specialty finance companies are making progress toward the implementation of the Current Expected Credit Loss (CECL) standard, widespread uncertainty regarding key decisions on accounting, modeling and data inputs has slowed... Read Story
October 12, 2017, 07:14 AM

With the January 1, 2018 deadline for complying with the Financial Accounting Standards Board (FASB) new revenue recognition standard rapidly approaching, 60 percent of public companies said they are facing challenges in implementing the standard by... Read Story
October 02, 2017, 07:12 AM

With an intense battle for a leadership position in the autonomous vehicle market, U.S. automotive CEOs are stepping up investment in innovation, artificial intelligence (AI) and emerging technologies compared to their global peers, according to a... Read Story
July 31, 2017, 07:05 AM

U.S. venture capital (VC) investment in fintech companies rose to $1.2 billion in Q1’17, driven by late-stage deals, which reached the highest activity since Q1’16, according to KPMG International’s Q1 2017 The Pulse of Fintech report. Non-VC fintech... Read Story
April 28, 2017, 07:05 AM

Business leaders are skeptical of Congressional predictions that U.S. tax reform will come by this summer, with more than half (53 percent) predicting that significant business tax reform won’t arrive until 2018, according to a recent poll by KPMG... Read Story
March 20, 2017, 07:17 AM

Total funding for U.S. fintech companies and deal activity dropped significantly in 2016, down to $12.8 billion from $27 billion in 2015, a result of political and regulatory uncertainty, a decline in megadeals and investor caution, according to... Read Story
February 23, 2017, 07:10 AM

Nearly half of semiconductor company business leaders believe their industry is in a late expansion phase and another 20 percent believe the industry is at an inflection point from expansion to contraction, according to this year’s Global... Read Story
December 08, 2016, 07:03 AM

Healthcare companies are more likely to increase information technology spending over the next 12 months than other industries as they aim to improve efficiency and business processes in the midst of significant skills shortages, the Harvey Nash/KPMG... Read Story
November 02, 2016, 07:10 AM

U.S. construction companies are not embracing technological advancements, such as drone aircrafts, robotics, RFID equipment and materials tracking, and data analytics, according to KPMG International’s Building a technology advantage – Global... Read Story
September 15, 2016, 07:10 AM

Amid a tougher climate for marketplace lenders and a drop in mega-round activity, investment in VC-backed fintech companies fell 24 percent in the U.S and nearly 50 percent globally during Q2 ‘16, according to the Pulse of Fintech, the quarterly... Read Story
August 19, 2016, 08:06 AM

CEOs in the life sciences business are more bullish about their own sector than their peers in other industries, and approximately 84 percent plan to hire in the next 12 months, according to KPMG LLP’s U.S. CEO Outlook 2016.All 38 life sciences CEOs... Read Story
August 12, 2016, 07:27 AM

Regional and community bankers are upbeat about progress they are making to transform their businesses to attract new customer segments, and have made a dramatic “about face” toward investing in organic growth to fuel their future, according to... Read Story
July 20, 2016, 07:08 AM

In a recent survey by KPMG LLP, the audit, tax and advisory firm, nearly half of all companies surveyed have not begun to assess the impacts of the new FASB lease accounting standard, which has an effective date of January 1, 2019.  “Although the... Read Story
June 15, 2016, 07:07 AM

Twelve percent of banking CEOs surveyed say they do not have insight into whether their institution’s security has been compromised by a cyber attack in the past two years, according to KPMG, the audit, tax and advisory firm. KPMG’s 2016 Banking... Read Story
June 06, 2016, 07:28 AM

A convergence of disruptive factors such as new technologies, increasing competition, and pricing pressures, is forcing manufacturers to increase investment in new products and services as they seek to innovate manufacturing capabilities, according... Read Story
May 26, 2016, 07:05 AM

The online alternative finance market, including crowdfunding and peer-to-peer lending, is exploding in the U.S., generating more than $36 billion in funding in 2015, up from $11 billion in 2014, according to a new report published by KPMG, the... Read Story
April 12, 2016, 07:18 AM

Venture funding in the U.S. fintech sector jumped 72% in 2015, hitting a record $7.39 billion - up dramatically from $4.3 billion in 2014. The banner year was highlighted by newly minted Unicorns and increased involvement by financial services giants... Read Story
March 14, 2016, 07:10 AM

KPMG LLP’s wholly owned subsidiary, KPMG Corporate Finance LLC has added a team of professionals from Ewing Bemiss & Company (“Ewing”), a middle market boutique investment bank that provides transaction advisory services to companies in the energy... Read Story
August 18, 2015, 06:57 AM

New data from the U.S. audit, tax and advisory firm KPMG LLP, show the increased use of cloud technology by global business to better connect with their employees and customers. In a new report, titled “Elevating Business in the Cloud,” the firm... Read Story
December 29, 2014, 07:04 AM

Faced with losing market share to non-traditional competitors, senior bank executives say they are squarely focused on improving the customer experience and transforming their businesses at the strategic, operational and structural level, according... Read Story
July 29, 2014, 07:00 AM

Mobile and Cloud revenues are surging, according to the results of the annual Technology Business Outlook survey of U.S.-based technology executives conducted by KPMG LLP, the U.S. audit, tax and advisory firm. The industry leaders also expect data... Read Story
May 27, 2014, 07:00 AM

Middle market business executives predict an improved U.S. economy next year, and the vast majority says their companies are adding employees and enjoying stronger revenue, according to the 2013 Mid-Market Outlook Survey conducted by KPMG LLP, the... Read Story
September 27, 2013, 07:03 AM

Cloud and mobile are expected to continue to gain momentum as the most disruptive technologies in consumer and business markets over the next three years, according to the Global Technology Innovation survey by KPMG LLP, the audit, tax and advisory... Read Story
July 12, 2013, 07:03 AM

Private company business leaders predict that their companies’ performance will continue to outpace the broader U.S. economy in 2013, as they look to IT investments and new products to drive their future growth, according to a survey by KPMG LLP, the... Read Story
June 21, 2013, 06:57 AM

According to a new survey from KPMG International, as companies become more comfortable with the benefits of a cloud environment, they are reporting higher-than-expected costs, as well as challenges with implementation, operations and governance.The... Read Story
February 19, 2013, 07:22 AM

Almost half of senior executives polled said they did not expect an agreement on the so-called “fiscal cliff” negotiations by year-end, according to a survey of more than 2,500 business leaders conducted by KPMG’s Tax Governance Institute (TGI)... Read Story
December 17, 2012, 07:05 AM

A KPMG survey finds providers see cloud revenues comprising significantly larger share of their total revenue due to migration of more sophisticated applications. Cloud-based services revenue in two years is expected to comprise nearly twice its... Read Story
December 10, 2012, 07:00 AM

In the 2012 KPMG Community Banking Outlook Survey, 47% of respondents identified regulatory and legislative pressures as the most significant barrier to growth over the next year, while 35% said regulatory compliance costs were having the greatest... Read Story
November 28, 2012, 07:16 AM

In a survey of more than 680 business executives conducted by KPMG LLP, almost 80% of respondents from both U.S. domestic and multinational companies said they would be willing to accept the repeal of certain tax incentives in exchange for the lower... Read Story
November 26, 2012, 07:46 AM