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KPMG slammed by watchdog for ‘untruthful defence’ in Silentnight tribunal

KPMG also failed to conduct an electronic search of Costley-Wood’s personal emails, requested by the FRC

The FRC's report of its hearing relating to the collapse of Silentnight found serious failings in KPMG's cooperation with the investigation
The FRC's report of its hearing relating to the collapse of Silentnight found serious failings in KPMG's cooperation with the investigation Photo: Alamy

KPMG has been criticised by the audit watchdog for putting forward an “untruthful defence” in a misconduct hearing related to the collapse of mattress company Silentnight.

KPMG and a former partner at the firm were fined and severely reprimanded by the Financial Reporting Council in August after a tribunal found they had failed to maintain objectivity and integrity while advising on the sale of mattress company Silentnight to private equity firm HIG in 2011.

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