KPMG trims US audit workforce by more than 2% – report

Accounting giant KPMG has cut 195 jobs in its US audit division, constituting a little more than 2% of its audit staff in the country, reported Bloomberg. The reduction is in response to low staff turnover and shifts in the way the company runs its core business. In a statement, the firm said: “We are changing what we do and how we work. “Our multi-year audit transformation is driving changes in how we conduct our audit and assurance services. We are also balancing the need for new skills to meet changi ...