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Watchdog accuses KPMG of providing false information during Carillion, Regenersis audit inspections

A disciplinary tribunal will hear the formal complaint on 10 January

By Bérengère Sim
The accounting regulator is alleging misconduct against KPMG and several individuals over the provision of allegedly false and misleading information in connection with its inspections of two audits carried out by the Big Four firm
The accounting regulator is alleging misconduct against KPMG and several individuals over the provision of allegedly false and misleading information in connection with its inspections of two audits carried out by the Big Four firm Photo: Getty Images

The UK's accounting regulator has hit KPMG, a former partner and certain current and former employees, with a disciplinary formal complaint for providing it with allegedly "false and/or misleading" information in Carillion and Regenersis audit quality inspections.

The Financial Reporting Council alleged misconduct and said it had delivered the formal complaint against Peter Meehan, engagement partner for the Carillion audit, and Stuart Smith, the engagement partner for the Regenersis audit, according to a statement on 1 September.

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