KPMG boss says auditing of Carillion was ‘very bad’ as firm is fined record £21m

Jon Holt says some employees ‘simply didn’t do their job properly’ in run-up to one of UK’s biggest corporate failuresThe UK boss of KPMG has said he “simply cannot defend” the firm’s auditing work on the failed government contractor, Carillion, describing it as “very bad,” as the accounting giant was hit with a record £21m fine by Britain’s accounting watchdog.The fine comes almost six years after the outsourcing firm collapsed w