KPMG to offer new climate accounting capability & more…Keep up with the latest accountancy news in our weekly round-up…

KPMG to offer new climate accounting capability to help clients measure greenhouse gas emissions

KPMG announced a new patent-pending blockchain-based capability, Climate Accounting Infrastructure, which is intended to help organisations more accurately measure, mitigate, report and offset their greenhouse gas emissions.

BDO may have to bail out sister firm in Spain after €126.8m penalty

Accountancy firm BDO is facing the prospect of a significant financial hit after its Spanish sister company was ordered to pay part of a €126.8m penalty for its alleged role in an accounting scandal.

Aviva, Deloitte and Microsoft to set new boardroom racial diversity targets

Aviva, Deloitte and Microsoft’s UK business will set fresh ethnicity targets for their boardroom and executive teams, as part of a new drive to address the “painfully slow” progress in improving racial diversity across British business.

Whistle-blower warned EY of Wirecard fraud four years before collapse

EY was warned in 2016 by one of its own employees that senior managers at Wirecard may have committed fraud and one had attempted to bribe an auditor.

Big Four accounting firms reveal ESG reporting standards

Leaders of the Big Four accounting firms have joined forces to unveil a reporting framework for environmental, social and governance standards.