KPMG to pay £14.4m for misleading regulator on Carillion audit

By Daniel Gayne2022-05-16T09:03:00

Auditor created false minutes and retroactively edited spreadsheets

KPMG has been fined £14.4m for misconduct relating to its audit of collapsed Carillion and another firm.

The penalty, one of the biggest in UK audit history, relates to forged documents and misleading information provided by former staff at the firm to the Financial Reporting Council (FRC) as part of audit quality reviews.

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