The FRC said its enforcement division will examine whether KPMG has breached any ethical and technical standards for auditors, looking at the firm's work in areas such as the audit of the company's use and disclosure of the going concern basis of accounting, estimates and recognition of revenue on ...
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Monday, January 29, 2018
Accounting watchdog to probe KPMG over Carillion audits
KPMG, the big four accounting firm, is being investigated by its industry watchdog over its auditing of accounts at the collapsed government outsourcer Carillion. The Financial Reporting Council said the investigation would “consider whether the auditor has breached any relevant requirements, ...
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Justin Jamieson has taken over as KPMG's chairman of partners in SA
While tax and audit services remain the bedrock of large accounting firms, Mr Jamieson plans to further diversify KPMG's local offering to support the state's transition towards new and growing industries. He says revenue generated by the firm's advisory practice has grown by between 10 and 15 per ...
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UK accounting watchdog to probe KPMG's Carillion audits
LONDON (AP) — Britain's accounting watchdog is opening an investigation into KPMG's audit of construction and services giant Carillion, which collapsed this month, less than a year after auditors certified the company's financial health. The Financial Reporting Council said Monday that the probe will ...
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UK accounting watchdog to probe KPMG's Carillion audits
LONDON — Britain's accounting watchdog is opening an investigation into KPMG's audit of construction and services giant Carillion, which collapsed this month, less than a year after auditors certified the company's financial health. The Financial Reporting Council said Monday that the probe will ...
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Audit watchdog to probe KPMG over Carillion work
The UK's audit watchdog has confirmed it will investigate KPMG for work carried out on behalf of Carillion, the listed construction giant that collapsed this month. The Financial Reporting Council said in a statement today that its probe would cover audits carried out by KPMG in 2014, 2015 and 2016 and ...
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FRC probes KPMG over Carillion collapse
“The Financial Reporting Council (FRC) has decided, following enquiries made since a profit warning in July 2017, to open an investigation under the Audit Enforcement Procedure in relation to KPMG's audit of the financial statements of Carillion plc. The investigation will cover the years ended 31 ...
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