UK’s Financial Reporting Council (FRC) has opened an investigation into KPMG’s audit of the accounts of Rolls-Royce. The FRC will probe the accountancy giant’s oversight of Rolls-Royce’s financial statements covering four years. It follows Rolls-Royce’s settlement of £671 million ($800 million) with the Serious Fraud Office (SFO) in January over corruption allegations. KPMG said it… Continue reading KPMG Investigated over Rolls-Royce Audit