The auditing work of one of the world's Big Four accounting firms has been sharply criticized by the industry's watchdog. KPMG audits had shown an unacceptable deterioration and will be subject to closer supervision, the Financial Reporting Council said.
Manchester United has again been named most valuable European football club, being worth about €3.25bn (£2.9bn) says business services group KPMG. The English club tops KPMG's study of top sides' enterprise value, ahead of Real Madrid and Barcelona.