KPMG has been accused of “egregious wrongdoing at every stop on this gravy train” by an MP who led an inquiry into the collapse of Carillion.
The criticism by Frank Field, chairman of the work and pensions committee, came after a report in The Times revealed that the Big Four accounting firm had suspended its Carillion audit team after discovering that documents handed to the Financial Reporting Council may have been backdated.
“Where are the law changes that will stop these directors and their merry band of advisers, auditors and hangers on richly lining their own pockets at a cost of billions — in lost jobs, in decimated pensions, in ruined small businesses and stalled public services?” Field asked.
