The charmed life of these failed auditors and accountants without accountability
Based on a quick inspection of the books, there doesn’t seem to be a great deal of accountability demanded from the British auditing profession. In March 2017, the giant audit firm KPMG signed off on the annual accounts of the construction giant cum-outsourced services provider Carillion, saying they gave a “true and fair view” of the state of the company’s affairs. For this work, KPMG received a fee of £1.4m. This followed £1.4m of fees recouped the year before. In fact, KPM