'In August, KPMG was fined £13m and ordered to pay more than £2.75m in costs by the Financial Reporting Council (FRC), the highest on an accounting firm in a non-audit case, while partner David Costley-Wood was fined £500,000 and banned from working as an accountant or..
holding a solvency licence for 13 years.' sharecast.com/news/news-and-…
'KPMG has faced criticism over its audits of Carillion ever since the UK government contractor collapsed in 2018, taking with it 3,000 jobs and 450 public sector projects. The outsourcing giant amassed more than £900m worth of debt and a £587m pension deficit before it -Sept 2021
-filed for liquidation.'
KPMG, which audited Carillion since its inception in 1999, signed off Carillion’s 2016 accounts as a going concern. Months later the company issued a profit warning and its chief executive left the company.' accountingweb.co.uk/business/finan…
KPMG, which audited Carillion since its inception in 1999, signed off Carillion’s 2016 accounts as a going concern. Months later the company issued a profit warning and its chief executive left the company.' accountingweb.co.uk/business/finan…
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