KPMG probed over audit of gambling giant Entain is a major blow for the scandal-prone auditor KPMG faces an investigation over its audit of a FTSE 100 gambling giant.
Questions: Industry watchdog the Financial Reporting Council said it will probe KPMG’s work on Ladbrokes’ owner Entain’s 2022 accounts.
The industry watchdog yesterday said it will probe the accounting giant’s work on Ladbrokes’ owner Entain’s 2022 accounts.
A spokesman for KPMG, which has audited Entain’s accounts since 2018, said: ‘We will cooperate fully with the FRC to conclude this matter as quickly as possible.’.
The Financial Reporting Council (FRC) hit the accountant with a record £21m fine over the ‘textbook failure’ of its audits of Carillion’s accounts after the outsourcing giant went bust.
