KPMG faces public sector work ban
KPMG could be banned from applying for Government contracts after a series of scandals.
The Big Four consultant was the third biggest winner of public contracts in the year to March after Deloitte and PwC, with £244m of work.
But in a letter to KPMG, the Cabinet Office warned of a ban if there is future misconduct.
It comes after a tribunal in October found KPMG lied about work it did for mattress firm Silentnight. It was fined £13m by the Financial Reporting Council over the scandal.
The letter outlined options, including a ban. The Cabinet Office said: ‘We have been in contact with KPMG following the publication of the tribunal report.’ KPMG also featured in scandals at Carillion and Co-op Bank. Chief executive Jon Holt said he took the letter ‘very seriously’.
City & Finance
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2021-12-02T08:00:00.0000000Z
2021-12-02T08:00:00.0000000Z
https://mailonline.pressreader.com/article/283145727006733
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