KPMG facing formal complaint over Carillion audit

Accountant KPMG is facing allegations of providing “false and misleading information” during audits of collapsed contractor Carillion

The Financial Reporting Council (FRC) has delivered a disciplinary Formal Complaint against KPMG LLP, a former KPMG partner and certain current and former KPMG employees.

The FRC’s investigation was opened in November 2018 after KPMG had self-reported certain matters relating to the review of the 2016 Carillion audit.

A Disciplinary Tribunal has been convened to hear the Formal Complaint and determine whether or not the respondents have committed misconduct.

The hearing is scheduled to commence on 10 January 2022.


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