Big Four
KPMG to receive £14m fine over Carillion audit
The FRC said the firm would also face a ‘severe reprimand’ describing the misconduct by certain employees as ‘extremely serious’
KPMG is set to pay a £14.4m fine over its audit of Carillion after a tribunal found former members of its staff misled the Financial Reporting Council (FRC) as part of audit quality reviews.
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