Big4.com Releases News Video on Key Developments at KPMG

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Weekly news video covers news, developments and management changes relating to the world’s largest accounting firms: Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC. This week covers KPMG.

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Each week Big4.com covers key news, events, happenings, opinions and blogs relating to all the Big Four accounting and consulting firms. The video can be viewed on the Big4.com website and on Big4.com's channel on Youtube.

Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC announced today the release of its weekly news video.

Each week Big4.com covers key news, events, happenings, opinions and blogs relating to all the Big Four accounting and consulting firms. The video can be viewed on the Big4.com website and on Big4.com's channel on Youtube.

This week Big4.com has a special video focused totally on KPMG, covering the following developments:

Increased budgets for market expansion despite market woes

Internal combustion engines are not going away anytime soon,

10 “megaforces” that will significantly affect corporate growth globally over the next two
decades,

Global Summit with key recommendations for sustainable business,

Coffer Peach Business Tracker shows business in UK pubs and restaurants slowing

Latest proposals could reduce FATCA costs for the global insurance industry by $3billion

Increased budgets for market expansion despite market woes

According to KPMG‘s annual Consumer CFO Survey, over 80 percent of all respondents believe marketing to new middle class consumers in emerging high-growth markets will drive long-term success. KPMG’s 2012 Consumer CFO Survey: Turning Global Risk into Opportunity surveyed 350 financial executives (34 from Canada) in the retail, consumer goods manufacturing and luxury goods sectors.

Key survey findings include:

  •     Canada and the US expected to offer greatest growth potential in 2012
  •     Supply chain efficiencies a priority for Canadian consumer companies
  •     Leveraging the power of digital for consumer engagement a top trend
  •     Sustainable practices evolve as a core business issue around the world

10 “megaforces” that will significantly affect corporate growth globally over the next two decades

A new KPMG study, Expect the Unexpected: Building Business Value in a Changing World, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. The analysis examines how these global forces may impact business and industry, calculates the environmental costs to business, and calls for business and policymakers to work more closely to mitigate future business risk and act on opportunities.

The KPMG research finds that the external environmental costs, which today are often not shown on financial statements, of 11 key industry sectors jumped 50 percent from US$566 to US$846 billion in 8 years.

Internal combustion engines are not going away anytime soon

KPMG’s 13th annual Global Automotive Executive Survey finds that while the industry continues to weigh the benefits and challenges of various electrified fuel technologies, the ownership of the e-components space (battery management and chemistry, power electronics, e-motors, battery cells and packs, etc.) will draw intense competition among original equipment manufacturers (OEMs) and suppliers. Fifty-four percent of respondents said that electric component suppliers will gain a bigger role by 2025 and 40 percent of respondents predict that OEMs will lead in that area in addition to traditional power train technologies.

Global Summit generates key recommendations for sustainable business

Recommendations were released recently from KPMG’s “Business Perspective on Sustainable Growth: Preparing for Rio+20” global summit. Summit attendees agreed to the recommendations as part of the meeting’s goal of providing business input to Rio+20, the upcoming global policy summit in June. Yvo de Boer, KPMG’s Special Global Advisor on Climate Change and Sustainability noted that the meeting’s findings included near-unanimous recommendations for Rio+20. Among them, policy leaders should provide long-term, stable and transparent policy frameworks and incentives to scale-up investment in sustainable development.

Coffer Peach Business Tracker shows business in UK pubs and restaurants slowing

The Coffer Peach Business Tracker the industry sales monitor for the UK pub and restaurant sector, collects monthly performance data from 23 major operators. The indicator showed a few characteristics in it’s recent report including:

  •     Eating-out slows in January after bumper December
  •     Like-for-like sales down 2% on 2011

Leading UK pub and restaurant groups saw collective like-for-like sales fall 2.1% in January against the same month last year – although total sales, which include the effect of new openings, were still ahead 2.2% on January 2011.

Latest proposals could reduce FATCA costs for the global insurance industry by $3 billlon

Rob Lant, insurance tax partner at KPMG recently commented on the fact that UK insurers’ hopes that they may have been excluded from the Foreign Account Tax Compliance Act (FATCA) regime have been dashed by last week’s release of proposed regulations from the IRS. He said the FATCA challenge will remain a significant and complex one for the insurance industry with many products still within scope. However he felt there are nevertheless reasons to be positive.

The good news, according to Lant came from the fact that UK insurers should be deemed compliant foreign financial institutions (FFIs) if an agreement is reached between the UK and US governments as indicated in their joint statement.

About Big4.com

Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.

Big4.com has a strong presence on key social media platforms:

Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: twitter.com/big4 has 9,000 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.
Facebook: The Big4 fan page has 5,500 fans at facebook.com/big4page.
Xing: The Big Four Alumni and Professionals group has 1,450+ members.

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Kristy Short
Big4.com
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