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KPMG has restarted its bid for UK government contracts, after the Big Four accounting firm withdrew from public sector tenders last December, following a series of high-profile accounting scandals.
The Big Four firm was given approval to re-commence its bidding for Central Government work in early June.
KPMG withdrew last December after the Cabinet Office threatened to ban the accountancy firm from working on government contracts, after launching a review into the firm.
In July 2022, the UK’s Financial Reporting Council (FRC) fined KPMG £14.4m for providing false and misleading information during its audits of Carillion and Regenersis.
Jon Holt, CEO of KMPH UK, said: “I have been clear since coming into my role as chief executive that it is my personal priority to deal with our legacy issues, take action and learn from them. I am grateful to the Cabinet Office for their rigorous assessment of the steps we’ve taken, and continue to take, across all aspects of our business, controls and conduct to build a stronger and more sustainable firm.
“We will continue to engage with the Cabinet Office closely and transparently on the implementation of our ongoing improvement plans, and we are pleased to return as a strategic supplier to support the work of Government.”
