Report reveals unprecedented rebuke of ‘big four’ accountant after senior partner found to have lied
One of KPMG’s senior partners lied in an investigation into the scandal over the bed company Silentnight’s insolvency, according to an unprecedented rebuke of a big four accountant from the regulator.
The Financial Reporting Council (FRC) said KPMG and David Costley-Wood, a partner at the firm, used an “untruthful defence” in an investigation into the sale of Silentnight to a private equity firm in 2011.
