Accountant also reprimanded severely for failing to check firm’s claims in latest blow to reputation
KPMG has been fined £4.3m for failures during its audit of the Bargain Booze owner Conviviality and severely reprimanded in the latest blow to its reputation.
The accounting regulator, the Financial Reporting Council (FRC), found “a serious lack of competence” in KPMG’s 2017 audit of the company, which collapsed within nine months of the accounts being signed off.
