FINANCIAL REPORTING COUNCIL INVESTIGATES KPMG OVER INDEPENDENCE AND ETHICS

摘要

KPMG is being investigated in two instances by the accounting watchdog in relation to its conduct as an auditor, with questions raised over its independence; and separately for the untimely way in which a partner of the firm disposed of shares held in a client company. Both the firm and a partner are being investigated by the Financial Reporting Council (FRC) in relation to the 'non-timely disposal of a shareholding in a client entity'. If this is found to be the case, it could amount to a breach of ethical standards for auditors.