Business & Investment

KPMG warned that applying for a contract with the government could be banned

Scandal-prone bean counter KPMG warned that it could be banned from applying for a contract with the government


KPMG may be banned from applying for a contract with the government after a series of scandals.

Big Four Consultants was the third-largest public contract winner in the year to March, after Deloitte and PwC, with a £ 244m job.

However, in a letter to KPMG, the Cabinet Office warned of a ban on future illegal activity.

KPMG was the third-largest public contract winner in the year to March, after Deloitte and PwC, and secured £ 244m of work.

It was after a courtroom in October found that KPMG was lying about the work it did for the mattress company Silentnight.

The scandal has been fined £ 13 million by the Financial Reporting Council. The letter outlined options including bans.

The Cabinet Office states: “We are in contact with KPMG after the court report is issued.”

KPMG was also featured in a scandal at Carillion and Co-op Bank. CEO John Holt said he took the letter “very seriously.”

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KPMG warned that applying for a contract with the government could be banned

https://www.dailymail.co.uk/money/markets/article-10264273/KPMG-warned-banned-applying-Government-contracts.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 KPMG warned that applying for a contract with the government could be banned

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