UK Financial Reporting Council: Closure of investigation into the conduct of KPMG Audit, Member Firm of the ICAEW
( August 1, 2013, 11:35 GMT | Official Statement) -- MLex Summary: The UK Financial Reporting Council has closed its investigation into KPMG’s audit of British Aerospace/BAE Systems between 1997 and 2007. A proper review would need to consider work conducted before 2007 but a tribunal is unlikely to make an adverse finding relating to events so long ago, the FRC said.The text of the statement follows....
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