![]() ![]() KPMG has been blocked from winning new audit contracts in Abu Dhabi after regulators removed the Big Four firm from the list of accountants authorised to sign off companies’ financial statements. KPMG blocked from Abu Dhabi audits as it elects new regional boss In a three-page memo seen by the Financial Times, the retired US partners say the plan as envisaged threatens to weaken both halves of the firm, while also asking whether EY’s global chief executive, Carmine Di Sibio, is properly protecting the interests of the audit business. More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. ![]() EY split threatens to weaken both sides of firm, say retired partners
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