{"id":98562,"date":"2021-09-01T09:50:43","date_gmt":"2021-09-01T08:50:43","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=98562"},"modified":"2021-09-01T09:59:35","modified_gmt":"2021-09-01T08:59:35","slug":"formal-complaint-kpmg-carillion","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/","title":{"rendered":"Formal complaint against KPMG issued over Carillion audit"},"content":{"rendered":"<h2>The <a href=\"https:\/\/www.frc.org.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Reporting Council<\/a> (FRC) has issued a formal complaint against <a href=\"https:\/\/home.kpmg\/xx\/en\/home.html\" target=\"_blank\" rel=\"noopener noreferrer\">KPMG<\/a> and others regarding allegedly false information provided to the FRC in the Carillion and Regenersis audit quality inspections<\/h2>\n<p>The formal complaint alleges misconduct against KPMG and several individuals regarding the provision of allegedly false and misleading information and\/or documents to the FRC by KPMG in connection with the <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/frc-investigations-carillion\/53033\/\" target=\"_blank\" rel=\"noopener noreferrer\">FRC\u2019s inspections of two audits<\/a> carried out by KPMG.<\/p>\n<p>The audit of the financial statements of Carillion plc for the period ended 31 December 2016 and the audit of the financial statements of Regenersis plc for the period ended 30 June 2014.<\/p>\n<p>The individuals to whom the formal complaint has been delivered include Peter Meehan, the engagement partner for the Carillion audit, and Stuart Smith, the engagement partner for the Regenersis audit.<\/p>\n<h3>Financial statements had &#8220;not been properly prepared&#8221;<\/h3>\n<p>The formal complaint does not allege misconduct arising from the performance of the relevant audits, nor does it allege that in either case the financial statements had not been properly prepared.<\/p>\n<p>The audit, and preparation, of the 2016 Carillion financial statements are the <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/frc-carillion-investigation\/51402\/\" target=\"_blank\" rel=\"noopener noreferrer\">subject of separate investigations<\/a>, as announced on\u00a029 January 2018\u00a0and\u00a019 March 2018\u00a0respectively.<\/p>\n<p>The FRC\u2019s investigation was opened in November 2018 after KPMG had self-reported certain matters relating to the review of the 2016 Carillion audit.<\/p>\n<p>The scope of the investigation was expanded in July 2019 to include the inspection of the 2014 Regenersis audit after KPMG had self-reported certain matters relating to that inspection.<\/p>\n<p>A Disciplinary Tribunal has been convened to hear the formal complaint and determine whether or not the Respondents have committed misconduct. This hearing is scheduled to commence on 10 January 2022.<\/p>\n<p>KPMG is a member firm of the ICAEW and these individuals are all members of the ICAEW.<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Financial Reporting Council (FRC) has announced a formal complaint against KPMG and others regarding allegedly false information provided to the FRC in Carillion and Regenersis audit quality inspections.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[824,464,283],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-98562","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-carillion","8":"tag-contributor-profile","9":"tag-finance"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Formal complaint against KPMG issued over Carillion audit<\/title>\n<meta name=\"description\" content=\"Th FRC has announced a formal complaint against KPMG and regarding false information provided in Carillion and Regenersis audit quality inspections\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Formal complaint against KPMG issued over Carillion audit\" \/>\n<meta property=\"og:description\" content=\"Th FRC has announced a formal complaint against KPMG and regarding false information provided in Carillion and Regenersis audit quality inspections\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; Construction Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PBCToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-01T08:50:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-01T08:59:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2021\/09\/dreamstime_xxl_102040362.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Elisha Sketchley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PBC_Today\" \/>\n<meta name=\"twitter:site\" content=\"@PBC_Today\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\"},\"author\":{\"name\":\"Elisha Sketchley\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580\"},\"headline\":\"Formal complaint against KPMG issued over Carillion audit\",\"datePublished\":\"2021-09-01T08:50:43+00:00\",\"dateModified\":\"2021-09-01T08:59:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\"},\"wordCount\":293,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"keywords\":[\"Carillion\",\"Contributor Profile\",\"Financing\"],\"articleSection\":[\"Planning &amp; Construction News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\",\"name\":\"Formal complaint against KPMG issued over Carillion audit\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\"},\"datePublished\":\"2021-09-01T08:50:43+00:00\",\"dateModified\":\"2021-09-01T08:59:35+00:00\",\"description\":\"Th FRC has announced a formal complaint against KPMG and regarding false information provided in Carillion and Regenersis audit quality inspections\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.pbctoday.co.uk\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Formal complaint against KPMG issued over Carillion audit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/\",\"name\":\"Planning, Building &amp; Construction Today\",\"description\":\"The Latest Planning, Building &amp; Construction News\",\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.pbctoday.co.uk\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\",\"name\":\"Planning, Building & Construction Today\",\"alternateName\":\"PBC Today\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"contentUrl\":\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Planning, Building & Construction Today\"},\"image\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/PBCToday\/\",\"https:\/\/x.com\/PBC_Today\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580\",\"name\":\"Elisha Sketchley\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g\",\"caption\":\"Elisha Sketchley\"},\"sameAs\":[\"https:\/\/www.pbctoday.co.uk\"],\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/author\/elishasketchley\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Formal complaint against KPMG issued over Carillion audit","description":"Th FRC has announced a formal complaint against KPMG and regarding false information provided in Carillion and Regenersis audit quality inspections\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/","og_locale":"en_US","og_type":"article","og_title":"Formal complaint against KPMG issued over Carillion audit","og_description":"Th FRC has announced a formal complaint against KPMG and regarding false information provided in Carillion and Regenersis audit quality inspections\u00a0","og_url":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/","og_site_name":"Planning, Building &amp; Construction Today","article_publisher":"https:\/\/www.facebook.com\/PBCToday\/","article_published_time":"2021-09-01T08:50:43+00:00","article_modified_time":"2021-09-01T08:59:35+00:00","og_image":[{"width":2000,"height":1125,"url":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2021\/09\/dreamstime_xxl_102040362.jpg","type":"image\/jpeg"}],"author":"Elisha Sketchley","twitter_card":"summary_large_image","twitter_creator":"@PBC_Today","twitter_site":"@PBC_Today","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#article","isPartOf":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/"},"author":{"name":"Elisha Sketchley","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580"},"headline":"Formal complaint against KPMG issued over Carillion audit","datePublished":"2021-09-01T08:50:43+00:00","dateModified":"2021-09-01T08:59:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/"},"wordCount":293,"commentCount":0,"publisher":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"},"keywords":["Carillion","Contributor Profile","Financing"],"articleSection":["Planning &amp; Construction News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/","url":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/","name":"Formal complaint against KPMG issued over Carillion audit","isPartOf":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#website"},"datePublished":"2021-09-01T08:50:43+00:00","dateModified":"2021-09-01T08:59:35+00:00","description":"Th FRC has announced a formal complaint against KPMG and regarding false information provided in Carillion and Regenersis audit quality inspections\u00a0","breadcrumb":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/formal-complaint-kpmg-carillion\/98562\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.pbctoday.co.uk\/news\/"},{"@type":"ListItem","position":2,"name":"Formal complaint against KPMG issued over Carillion audit"}]},{"@type":"WebSite","@id":"https:\/\/www.pbctoday.co.uk\/news\/#website","url":"https:\/\/www.pbctoday.co.uk\/news\/","name":"Planning, Building &amp; Construction Today","description":"The Latest Planning, Building &amp; Construction News","publisher":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.pbctoday.co.uk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization","name":"Planning, Building & Construction Today","alternateName":"PBC Today","url":"https:\/\/www.pbctoday.co.uk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg","contentUrl":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg","width":1920,"height":1080,"caption":"Planning, Building & Construction Today"},"image":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PBCToday\/","https:\/\/x.com\/PBC_Today"]},{"@type":"Person","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580","name":"Elisha Sketchley","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g","caption":"Elisha Sketchley"},"sameAs":["https:\/\/www.pbctoday.co.uk"],"url":"https:\/\/www.pbctoday.co.uk\/news\/author\/elishasketchley\/"}]}},"publishpress_future_action":{"enabled":false,"date":"2026-10-02 10:08:46","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts\/98562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/comments?post=98562"}],"version-history":[{"count":0,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts\/98562\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/media?parent=98562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/categories?post=98562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/tags?post=98562"},{"taxonomy":"stakeholder_rel_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/stakeholder_rel_tag?post=98562"},{"taxonomy":"contributor_rel_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/contributor_rel_tag?post=98562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}