The Financial Reporting Council (FRC) is considering whether to investigate how KPMG audited HBOS, which is now part of Lloyds Banking Group, in the run up to the bank's collapse in 2008.
The independent audit regulator doesn’t currently have the Big Four firm under investigation but is monitoring the situation in the wake of a damning report on the bank's collapse and £20.5bn taxpayer bailout.
An FRC spokesperson said...
About Robert Lovell
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