Senior accountants at KPMG forged documents in an effort to mislead regulators over botched audits at the collapsed outsourcer Carillion. The tribunal ruled on Thursday that five of the firm’s auditors - Peter Meehan, the partner responsible for auditing Carillion; senior managers Alistair Wright, Richard Kitchen and Adam Bennett; and junior auditor Pratik Paw - were all guilty of misconduct. …
KPMG has admitted for the first time that it misled regulators over the audit of collapsed outsourcer Carillion, as a tribunal heard that its accountants allegedly forged documents to dupe inspectors. He said: “It is clear to me that misconduct has occurred and that our regulator was misled.” The admission came after the Financial Reporting Council accused auditors at KPMG …
KPMG has been accused of giving a “fundamentally untruthful” defence during a tribunal hearing over its role in the sale of mattress company Silentnight to a US private equity firm. The disciplinary tribunal found that KPMG and David Costley-Wood, the senior partner who led the firm’s work on Silentnight, had failed to co-operate with the case because it did not …
