KPMG to axe 10% of US audit partners
Cull comes after years of low uptake for voluntary retirement scheme
Cull comes after years of low uptake for voluntary retirement scheme

Big Four firm and rivals are struggling to regain footing even after reductions in headcount and costs

Move is a departure from the practice of simply asking underperforming senior partners to retire

Pentagon consolidates work in push to modernise its accounts following years of failed inspections

Big Four firm says move reflects better management of workloads

Accountancy reports global revenues of $39.8bn, still far lower than those at competitors Deloitte, PwC and EY

Consultancy tells senior staff their remuneration will comprise a greater proportion of equity