The UK accounting regulator has issued a £21mn fine against KPMG for it’s failure to conduct appropriate audits of Carillion, a company’s that

← Back to Blog

The UK accounting regulator has issued a £21mn fine against KPMG for it’s failure to conduct appropriate audits of Carillion, a company’s that collapsed in 2018.

“The number, range, and seriousness of the deficiencies in the audits of Carillion during the period leading up to its failure was exceptional and undermined that credibility and the public trust in audit,” said Elizabeth Barrett, executive counsel for the Financial Reporting Council (FRC).

Ted Dziekanowski

#audit

View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7118145473818845184