Home business KPMG warned it could be banned from applying for Government contracts  #englishheadline #KPMG #warned #banned #applying #Government #contracts

KPMG warned it could be banned from applying for Government contracts  #englishheadline #KPMG #warned #banned #applying #Government #contracts

by englishheadline
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Scandal-prone bean counter KPMG warned it could be banned from applying for Government contracts










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 £244million of work.

But in a letter to KPMG, the Cabinet Office warned of a ban if there is future misconduct.

KPMG was the third biggest winner of public contracts in the year to March after Deloitte and PwC, securing £244m of work

It comes after a tribunal in October found KPMG lied about work it did for mattress firm Silentnight. 

It was fined £13million 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’.



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#KPMG #warned #banned #applying #Government #contracts

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