Sector Regulation Sector Regulation

KPMG chided for ‘significant weaknesses’ in UK banking audits

By Fiona Maxwell and Annie Robertson
  • 23 Jul 2021 06:06
  • 23 Jul 2021 06:47
KPMG has been told to improve the quality of its audits, after the UK watchdog found deficiencies in its work with banks.

The Financial Reporting Council criticized it for “significant weaknesses” in its procedures across all of the banking audits inspected.

The disappointing evaluation of KPMG was published alongside reports

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