KPMG says accounting regulator 'was misled' over Carillion audits | KPMG
Chief executive apologises for ‘unacceptable’ misconduct as disciplinary tribunal begins
Source: theguardian.com
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KPMG admits misconduct over audit of bust outsourcer Carillion
In a rare admission of guilt, KPMG said it was 'clear that misconduct had occurred' when questioned by the watchdog over the quality of its audits.
Source: thisismoney.co.uk
Fines imposed on KPMG should be used to ease plight of 1,200 Silentnight pension scheme members, says MP
A fine imposed on KPMG as punishment for misconduct should be used to compensate 1,200 members of the Silentnight pension scheme who are facing “vast reductions” to their retirement income, according to an influential group of MPs.
Source: yorkshirepost.co.uk
Is recovery at risk?
In just a matter of weeks economic forecasters have slashed their expectations for Britain’s economic recovery and have started warning of further pain as we enter 2022.
Source: newelectronics.co.uk
CBI revises next year's economic growth forecast down to 5.1% | Confederation of British Industry (CBI)
Accountant KPMG is even gloomier, predicting 2.6% growth if social distancing rules are imposed
Source: theguardian.com