Financial Services Financial Services

KPMG wouldn't have been asked for new documents after audit process, UK regulator tells tribunal

By Fiona Maxwell and Phoebe Seers
  • 17 Jan 2022 08:33
  • 17 Jan 2022 08:58
Claims from KPMG that it was permitted to update documents retrospectively long after completing an audit make no sense and can't be true, representatives from the UK audit watchdog have told an ongoing disciplinary tribunal hearing. 
Witness statements from two Financial Reporting Council audit investigators dispute KPMG’s suggestions as “highly

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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.

Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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