The Financial Reporting Council has fined the auditors of multinational construction and facilities management services company Carillion which collapsed in 2018, £21 million for ‘significant and serious breaches’. Two Final Settlement Decision Notices have been imposed against KPMG LLP, KPMG ...
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FRC issues formal complaint against KPMG over Carillion and Regenersis audits
UK audit watchdog, the Financial Reporting Council (FRC) has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG LLP, a former KPMG partner and certain current and former KPMG employees. The Formal Complaint alleges “misconduct against KPMG and ...
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