Episode 57. In today’s news episode, we discuss “Losing Your Credibility – How Long Can KPMG Last?”
Key takeaways from this episode include:
➺ what life looked like before the big 4 and why accounting firms were too big to fail
➺ shout out to Richard Murphy at AccountingWeb asking ‘how long can KPMG last?’
➺ whether a big 4 firm can remain viable in a world where professional credibility is everything
➺ charting the ‘audit failure timeline’ of KPMG where they have fallen short of standards
➺ how a poor track record affects recruitment of talent and clients for accounting firms
➺ how long an accounting firm can survive loss of reputation
➺ what kind of things damage the professional credibility of accounting practices
➺ what smaller accountancy firms can learn about reputation from KPMG’s failures
➺ the importance of trust and keeping promises for accounting firms of all sizes
➺ the implications of reputation damage in accountancy for client attraction and talent recruitment
➺ why accountancy jobs in industry are often more attractive than those in practice
Richard Murphy on LinkedIn: https://www.linkedin.com/in/richard-murphy-08468522
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