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KPMG and an ex partner already put out to pasture get another pointless FRC fine and nobody cares: it's sham justice

By Tom Winnifrith | Wednesday 26 April 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Your starter for 10: How long, before today, is it since KPMG was last reprimanded and fined by the FRC? Monk (Oriel College Oxford): Eight days! Correct! You now have three questions for five points each on lies told by Caracal Gold (GCAT). Today’s fine for KPMG is, of course totally meaningless but relates to the audit of The (WRKS) for the year end 26 April 2020. KPMG really fucked up here and to reduce the fine admitted so very quickly.

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