KPMG Hit With Record Fine in UK for ‘Textbook Failure’ in Carillion Audits October 13, 2023 By Huw Jones Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits...
‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures June 1, 2022 By Huw Jones Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS...
KPMG Faces $18 Million Fine for Misleading British Regulator May 12, 2022 By Kirstin Ridley KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of...
KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent February 4, 2022 By Katharine Gemmell and Michael Kapoor KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over...