‘KPMG’s audit work unacceptable’



The accounting watchdog has released a damning report into Britain’s big four accountancy firms, singling out KPMG in particular for the “unacceptable deterioration” in the quality of its audits. The Financial Reporting Council said 50pc of KPMG’s audits of FTSE 350-listed companies required more than just limited improvements in the recent financial year, compared to 35pc a year earlier. Across the eight leading accounting firms, 72pc of …

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