KPMG hit with record £21m fine over Carillion audit failures
Big four accountant KPMG has been handed a record fine for serious failings in its auditing of Carillion. UK accounting watchdog imposed a total £30m penalty – reduced by 30% to around £21m after co-operation and admissions were taken into account. Elizabeth Barrett, Executive Counsel of the Financial Reporting Council said: “The number, range, and
