KPMG News

Wirecard Exposes Big 4 Accounting Lapses Endure Post-Enron

Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve. The 1.9 billion euros ($2.1 billion) missing …

Aerial Imaging, Machine Learning Speed Hurricane-Related Damage Assessments

In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage in several states. The use of aerial imaging combined with machine learning has led to speedier claims resolution, …

Driverless Cars Could Create Huge Traffic Congestion Problems

Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. Experts foresee robot cars chauffeuring children to school, dance class and baseball …

KPMG: Driverless Cars Could Shrink U.S. Personal Auto Insurance Sector by 60%

A decline in accident frequency due to safer vehicles and the adoption of autonomous vehicles could shrink the U.S. personal auto insurance sector by 60 percent within 25 years, according to KPMG, the U.S. audit, tax, and advisory services firm. …