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KPMG facing formal complaint over Carillion audit

Grant Prior 3 years ago

Accountant KPMG is facing allegations of providing “false and misleading information” during audits of collapsed contractor Carillion

The Financial Reporting Council (FRC) has delivered a disciplinary Formal Complaint against KPMG LLP, a former KPMG partner and certain current and former KPMG employees.

The FRC’s investigation was opened in November 2018 after KPMG had self-reported certain matters relating to the review of the 2016 Carillion audit.

A Disciplinary Tribunal has been convened to hear the Formal Complaint and determine whether or not the respondents have committed misconduct.

The hearing is scheduled to commence on 10 January 2022.

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