Financial Crime Financial Crime

KPMG apologizes over Carillion misconduct as UK audit tribunal opens

By Fiona Maxwell and Martin Coyle
  • 11 Jan 2022 05:54
  • 11 Jan 2022 05:54

KPMG has apologized for misconduct related to its audit of collapsed outsourcing company Carillion as a five-week court case brought by the UK accounting regulator against the firm and others opened.

The auditing firm and six of its former auditors are accused by the Financial Reporting Council of misconduct

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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