Bill Michael, KPMG’s chairman, will likely face a harder time than most when he appears before next month’s auditing inquiry. Rachel Reeves, co-head of the parliamentary inquiry into Carillion, said earlier this year that KPMG’s audits of the contractor had been “worthless”. The other Big Four firms are concerned, however, that any ill-feeling might be contagious. One diner said: “The guns are going to be trained on KPMG over everything from Carillion to Crossrail. No one wants to be sitting next to…

Source: The Times December 12, 2018 00:06 UTC