Basic Search  |  Summaries  |  Advanced SearchPenalty: £23,874,365
Year: 2023
Date: 12 October, 2023
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council (“FRC”) issued two Final Settlement Decision Notices and imposed severe reprimands and fines against KPMG LLP, KPMG Audit Plc, and two former audit partners following the conclusion of their investigations into the audits of Carillion plc. KPMG LLP agreed to pay £18,550,000 plus costs of the investigation and KPMG Audit agreed to pay £2,450,000.
Settlement Type: settlement of FRC 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)