Basic Search  |  Summaries  |  Advanced SearchPenalty: £18,667,937
Year: 2022
Date: 25 July, 2022
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: KPMG agreed to pay a £20 million fine, reduced for cooperation and admissions to £14.4 million, plus £3.95 million costs, in a decision by the FRC that the company committed misconduct by providing false and misleading documents and information to the FRC when inspecting the audits of Carillion and Regenersis.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Reporting Council
HQ Country of Parent: Netherlands
Ownership Structure of Parent: privately held
Major Industry of Parent: business services
Specific Industry of Parent: accounting services
Source of Data: (click here)
Source Notes: Penalty total includes Tribunal costs of £317,937, included in its final report available on the FRC website.