The Financial Reporting Council says its investigation into KPMG’s audit of the financial statements of collapsed contractor Carillion has been delayed by six months.
The FRC said this week that the first stage of its investigation will conclude this summer, rather than this month as originally intended.
In a statement, it said: “The scale and complexity of this case is exceptional, with a huge volume of documents and information that has had to be reviewed and analysed.
“The investigation encompasses a four-year period, and numerous significant audit areas, including the accounting for construction and services contracts, pensions liabilities, goodwill and going concern.”
