As KPMG UK Gets Hit With a Record Fine, the Boss Admits the Auditing Was “Very Bad”
Going Concern
OCTOBER 12, 2023
The saga of KPMG and collapsed client Carillion has finally come to a close with an announcement today that the Financial Reporting Council is hitting the firm with a £26.5 KPMG Audit Plc was also hit with a fine — £3.5 million — as were the two audit partners in charge of the Carillion work for years 2013-2018.
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