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Infrastructure giant Carillion went into liquidation in 2018 under a £7bn debt. The irregularities of KPMG's audit of the company were first raised by
Carillion's sudden collapse sent shockwaves through the economy - "causing significant cost to UK taxpayers, investors pension holders and employees", the Financial Reporting Council concluded.
Accountancy firm given £21m fine for "exceptional" failures in work for collapsed construction giant.
The Financial Reporting Council’s findings on KPMG’s audit of the collapsed outsourcer are ‘damning’, its UK chief executive Jon Holt said.
By Jennifer Williams-Alvarez The Financial Reporting Council announced a record sanction against Big Four firm KPMG for failures in relation to the audit of...