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Major government supplier will also provide £5m in costs, following landmark decision from watchdog the Financial Reporting Council, which leads to CEO admitting senior figures ‘didn’t do their job properly’ Global professionals services outfit KPMG has been fined £21m and told to pay a further £
KPMG: The collapse of Carillion, a major government contractor building hospitals and other infrastructure, in January 2018, along with the collapse of retailer BHS two years earlier, led to three government-backed reviews of auditing markets and standards.
Britain's accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a "textbook failure" in audits of Carillion, the
Scrutiny of collapsed outsourcer’s finances was “very bad, over an extended period”, boss admits
News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service