A Big Four accountancy firm has been singled out by its regulator in a critical report into the quality of auditing in Britain.
KPMG, the auditor of Carillion, the construction services company that collapsed in January, was censured for “unacceptable deterioration” in its audit work.
The Financial Reporting Council (FRC) has introduced special measures to put the company under increased scrutiny.
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Including:
Industry leaders are reassured by the likelihood of the sector falling outside of policy changes
Company is monitoring “market volatility”
CFO Shaw will step into top post next year
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
