1. KPMG being held to account KPMG has been singled out for the poor quality of its work in the UK. The company’s auditing work has been sharply criticised by the industry’s watchdog for an "unacceptable deterioration" in quality and it will now be subject to closer supervision, the Financial Reporting Council says. The council says all big four accounting firms — KPMG, PwC, EY and Deloitte — need to reverse a decline in their audit quality. The regulator will increase by 25% the number of KPMG audits it inspects for this financial year — the first time it has taken such action.
2. Land of the not-so-free The UN high commissioner for human rights has described the Donald Trump administration’s policy of separating undocumented immigrant children from their parents as "government-sanctioned child abuse". US authorities have detained almost 2,000 children in the past six weeks in spite of global condemnation. Former first lady Laura Bush called the separations "cruel" and "immor...
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