Entain Audit: UK Financial Reporting Council Probes KPMG
The Financial Reporting Council, UK accounting watchdog, has launched an investigation into the audit conducted by KPMG on the financials of bookmaker Entain for the year ended December 2022, it said on Monday.
The Financial Reporting Council said its investigation would be conducted by its enforcement division under the Audit Enforcement Procedure. KPMG is Entain’s group external audit and in 2023 completed its sixth financial reporting audit of the bookmaker, according to Entain’s annual report.
“The Financial Reporting Council has commenced an investigation in relation to the audit conducted by KPMG LLP of the consolidated financial statements of Entain plc for the year ended 31 December 2022,” an official statement reads. The decision was made at a meeting of the FRC’s Conduct Committee on 21 November 2024. CBN Opens FX Window for BDC to Stock up at NFEM Rate
