News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Accountancy

FRC blasted over ‘joke’ sanctions for junior KPMG staffer in Carillion case

'The FRC trying to attack people who earn below the average salary is a joke,' a junior auditor at KPMG told Financial News

KPMG was fined £14m after a tribunal found a team of its ex-auditors, led by former partner Peter Meehan, forged documents to cover up shortcomings in the firm’s 2016 audit of outsourcer Carillion
KPMG was fined £14m after a tribunal found a team of its ex-auditors, led by former partner Peter Meehan, forged documents to cover up shortcomings in the firm’s 2016 audit of outsourcer Carillion Photo: Jack Taylor/Getty Images

Junior accountants have criticised the audit regulator for its “harsh” pursuit of ex-KPMG junior Pratik Paw, who is facing a lengthy ban and a £50,000 fine for his role in misleading inspectors probing the Big Four firm’s audit of Carillion.

KPMG was fined £14m after a tribunal found a team of its ex-auditors, led by former partner Peter Meehan, forged documents to cover up shortcomings in the firm’s 2016 audit of outsourcer Carillion.

WSJ Logo