KPMG - itbusinessdirect

KCB Group replaces KPMG Kenya with PwC as its external auditor

June 2, 2020March 14, 2023 Editor

KCB Group is reported to this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes now hand PwC audit control of Kenya’s top two banks — KCB and Equity Group. Last year, Equity Bank dropped Ernst & Young for PwC in 2017. KCB audit job has been among the highest payers, with remuneration paid by the lender amounting to Sh55 million in the financial year ended December 2019. Absa Kenya last year…

Businesses’ biggest barrier to implementing their big data strategy is identifying what data to collect

January 29, 2014 Staff Writer

KPMG Report: Going beyond the data: achieving insights from data and analytics Long before the term big data first appeared in 1997, organizations were already struggling to make sense of all of the information piling up in their databases and warehouses. But over the past five years, the focus on big data has started to shift: today the issue is no longer about owning the most data but rather about how to gain the most insight from that data and – in turn – how to convert those insights into…