Category: Banking

Financial Reporting Council is investigating KPMG

FRC investigating KPMG’s unacceptable audit work

The auditing work of one of the world’s “Big Four” accounting firms has been sharply criticised by the industry’s watchdog. KPMG audits had shown an “unacceptable deterioration” and will be subject to closer supervision, the …
Visa Inc says its services have been restored to normal

Visa now operating normally after outage

Payments firm Visa Inc said its systems are operating at “close to normal levels” and the earlier issue affecting users in Europe was “result of a hardware failure”. “We have no reason to believe this …