KPMG allegedly misled FRC over Carillion audit
KPMG has been accused of providing false and misleading information to the Financial Reporting Council (FRC) in its audits of outsourcing giant Carillion and Regenersis.
Replies (4)
Please login or register to join the discussion.
'Misleading' covers all sorts of comments and is a word that could itself be misleading, or is this just stiff upper lip British understatement
I would be mortified if accused by a regulator of making misleading statements.
Is it even news now when one of the big audit firms have either screwed up or lied? Seems to be commonplace, these days.
Even if KPMG (or any other Big 4 firm) were found guilty of murdering several employees/clients/members of the public what would happen? Yes; that's right, nothing much. They would still continue making loads of dosh from the monopoly that is auditing large firms.
Aah, the good ole days!
Back in the '70s I was doing some contract work for an 'international charge card company' and met a bunch in the canteen ordering very large steaks. They looked more like members of a rugby scrum than the usual 'suits' so I wandered over for an inquisitive chat.
They wouldn't tell me what their official job titles were, but said it related to debt collection ... and that "if a defaulter has all limbs working after our visit, then we got given the wrong address"!