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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

KPMG hit with £3 million fine over Conviviality collapse in latest audit scandal

KPMG FRC United Kingdom KPMG UK

KPMG

(Picture: PA Archive)

The boss of KPMG UK was today forced to apologise after the accounting watchdog fined the auditor £3 million for “serious” failings with its work on collapsed drinks business Conviviality.

The Financial Reporting Council (FRC) today fined KPMG for poor quality audits of Conviviality in 2017 and 2018. Nicola Quayle, the former KPMG partner who led the work, was personally fined £80,850.

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