The UK's Financial Reporting Council (FRC) has scheduled a hearing starting June 14, 2026, into KPMG's audit of Carillion and other companies, with 30 witnesses expected to appear. The hearing follows allegations of misconduct by KPMG auditors, including claims that they falsified documents and misled regulators.
KPMG has faced intense scrutiny since the collapse of Carillion in 2018, which led to investigations by the FRC and other bodies. The firm has admitted to misconduct in some cases and has been fined millions of pounds. The current hearing is part of ongoing disciplinary proceedings.
Key issues include whether KPMG auditors failed to challenge Carillion's management and whether they provided false information to the FRC. The hearing is expected to last several weeks, with a final decision on sanctions to be made later.
