KPMG to be investigated over Carillion auditing

Watchdog opens inquiry into accountancy firm’s role in collapse of construction giantThe accountancy firm KPMG is to be investigated by the UK’s Financial Reporting Council over its role in the collapse of constrution firm Carillion.The business secretary, Greg Clark, welcomed the investigation, which the accounting watchdog said followed inquiries made since Carillion’s shock profit warning in July. The FRC said it would conduct the investigation, which will cover 2014 to 2016