KPMG Hit With Record Fine in UK for ‘Textbook Failure’ in Carillion Audits

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Insurance Journal - Oct 13, 2023

Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits of Carillion, the builder that imploded in 2018 and prompted a root and branch review of auditing standards. The collapse …...

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