Carillion collapse: Financial watchdog launches auditing investigation into KPMG

It will examine several areas of KPMG's work, including the audit of the company's use and disclosure of the ongoing concern basis of accounting, estimates and recognition of revenue on significant contracts, and accounting for pensions. In addition, the FRC said it is carrying out urgent enquiries into ...
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Carillion Collapse: KPMG To Be Investigated Over Audit

The accountancy watchdog is to open an investigation into accountancy giant KPMG over its audits of collapsed construction giant Carillion. The Financial Reporting Council (FRC) said on Monday that, following inquiries made since Carilion's profit warning in July, it will open an investigation under the ...
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Carillion collapse: Auditor KPMG facing investigation

UK's accountancy watchdog has said that it will launch an investigation into accountancy firm KPMG over its audits of collapsed construction giant Carillion. This development comes after Frank Field, the chair of the Commons work and pensions committee, accused Carillion of trying to “wriggle out of its ...
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FRC probing Carillion auditor KPMG over possible accounting breaches

"Several areas of KPMG's work will be examined including the audit of the company's use and disclosure of the going concern basis of accounting, estimates and recognition of revenue on significant contracts, and accounting for pensions," the agency said, adding that it was also progressing with urgent ...
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Carillion gave fatcat shareholders millions while pension black hole was '£400m bigger than ...

A KPMG spokesman said: "We believe that we conducted our role as Carillion's auditor appropriately and responsibly... We will co-operate fully with the FRC's investigation." The Commons Work and Pensions Committee, whose statement was released overnight, said Carillion has been “falling short” of ...
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KPMG investigated over Carillion audit

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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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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