Investigation regarding the audit of Carr’s Group plc by KPMG LLP

News types: Investigations

Published: 18 April 2023

This Press Notice concerns the opening of an investigation into the relevant Statutory Auditor(s). The investigation does not relate to any persons other than the relevant Statutory Auditor(s) and it would not be fair to treat any part of this announcement as constituting or evidencing an investigation into any other persons or entities.

The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by KPMG LLP of the consolidated financial statements of Carr’s Group plc for the period ended 28 August 2021.

The decision was made at a meeting of the FRC’s Conduct Committee on 20 March 2023.

The investigation will be conducted by the FRC’s Enforcement Division under the Audit Enforcement Procedure.

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