Audit case
Executive Counsel to the FRC v. KPMG LLP and former partner and employees
- Authority
- Independent Disciplinary Tribunal under the FRC Accountancy Scheme
- Case number
- Not published
- Filed or opened
- Not published
- Organization
- KPMG LLP
- Current stage
- Final tribunal decision.
- Outcome
- Misconduct found with admissionsS2.
Decisions and steps
- KPMG fined GBP 14.4 million and severely reprimanded for false or misleading information to inspectorsS2
Claims this case bears on
- Supported91A disciplinary tribunal found in July 2022 that KPMG gave false or misleading documents and information to FRC inspectors reviewing its Carillion and Regenersis audits.Regulator statement, 25 July 20222 records citedDisclosure
Sources
- S2Tier A Sanctions against KPMG and others in connection with Regenersis & Carillion auditsFinancial Reporting Council. Regulator press release. 25 July 2022.Supports the tribunal's misconduct finding on false or misleading information to inspectors. It does not judge the audit opinions themselves.Link working, checked 25 October 2026