KPMG to be fined £14m for forging documents and misleading FRC

Regulator sets near-record fine after former staff falsified material over audits of Carillion and other firms

KPMG will pay one of the largest fines in UK audit history, after former staff forged documents and misled the regulator over audits for companies including the collapsed outsourcer Carillion.

The Financial Reporting Council (FRC) – which regulates accountants – confirmed the £14.4m settlement at a London tribunal hearing on Thursday, and said KPMG would also face a “severe reprimand” over the “extremely serious” misconduct related to employees’ false representations to the watchdog.

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KPMG, Accountancy, Business, Financial sector, Carillion, UK news UK news | The Guardian

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