• Register
Return to: Home > News > Service Lines > UK FRC closes its investigation into KPMG’s audit of HBOS

UK FRC closes its investigation into KPMG’s audit of HBOS

The UK Financial Reporting Council (FRC) has announced the closure of its investigation into the conduct of KPMG’s audit of HBOS for the year ending 31 December 2007 on the conclusion that there is no realistic prospect of a finding against KPMG.

The Executive Counsel to the FRC stated following an investigation that it is unrealistic that a Tribunal would make an adverse finding against KPMG in respect of the matter. “The firm’s work did not fall significantly short of the standards reasonably to be expected of the audit, the test that a Tribunal would apply,” the UK FRC said.

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.