John Veihmeyer Is New KPMG US Chairman

The US firm KPMG LLP just announced that its current CEO, John B. Veihmeyer, 54, will become the chairman and chief executive of the U.S. audit, tax and advisory firm for a five- year term, starting June 10, 2010 and going till June 9, 2015. Veihmeyer will take over from Timothy P. Flynn, 53, who will now spend all his time as chairman of the KPMG International firm. Flynn was chairman of the U.S. firm since 2005, and chairman of KPMG International since 2007....

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KPMG Global Business Outlook Validates Current Optimism and Confidence

KPMG recently released its Global Business Outlook Survey on global manufacturing and services. And it has good news for the world economy and some unexpected surprises.

Overall, the survey indicates that, with manufacturing and service sectors getting more confident, there are robust growth prospects for the world economy over the next 12 months...

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KPMG Tax Case: Another Twist

The KPMG tax trial has had its share of twists and turns, and here is one more:

With trial originally set for January 2007, we now hear that Judge Kaplan has indefinitely postponed the criminal tax fraud trial. As we have said, 16 former KPMG partners are setting off against KPMG, and now the dispute has turned to who would bear their (assumedly large) legal costs. The Judge wants the fee matter settled before trial, the legal bills could be quite enormous and individuals may be unable to pay without KPMG’s assistance....


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