The Financial Reporting Council launched an investigation into KPMG's audit practices, while the Financial Conduct Authority fined John Wood Group for misleading results.
1 report, 1 independent
Updated Jul 30
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What happened
The Financial Reporting Council launched an investigation into KPMG's audit practices, while the Financial Conduct Authority fined John Wood Group for misleading results.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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KPMG
provider of audit, legal, tax advisory, financial, and business advisory services
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Financial Reporting Council
regulator responsible for promoting high quality corporate governance
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Financial Conduct Authority
quasi-governmental agency in the United Kingdom
Related events
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- KPMG misconduct led to a government review following allegations of regulatory failure.
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- KPMG is accused of professional misconduct, including improper sharing of confidential Optus information, using private documents in bids for Telstra, Westpac, and Dexus, and ending a 70-year audit relationship with Lendlease.