Big Four KPMG cleared as regulator drops Entain audit probe

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FRC closes probe into KPMG over Entain The regulator has closed a probe into the Big Four giant, KPMG, over its audit of the Ladbrokes owner, Entain. In January 2025, the Financial Reporting Council (...

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/big-four-kpmg-cleared-as-regulator-drops-entain-audit-probe/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FRC closes probe into KPMG over Entain The regulator has closed a probe into the Big Four giant, KPMG, over its audit of the Ladbrokes owner, Entain. In January 2025, the Financial Reporting Council (...</p>\n\n<a href=\"https://www.cityam.com/big-four-kpmg-cleared-as-regulator-drops-entain-audit-probe/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://www.cityam.com/big-four-kpmg-cleared-as-regulator-drops-entain-audit-probe/","article_id":"2624650305","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/08/KPMG-Offices-In-Berlin-1297929084-1-1.webp?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/big-four-kpmg-cleared-as-regulator-drops-entain-audit-probe/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624650305","pubTimestamp":1775128157,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"FRC closes probe into KPMG over Entain The regulator has closed a probe into the Big Four giant, KPMG, over its audit of the Ladbrokes owner, Entain.In January 2025, the Financial Reporting Council  announced an investigation into Entain regarding its financial statements for the year ended 31 December 2022.At the time, a KPMG UK spokesperson said: “We will cooperate fully with the FRC to conclude this matter as quickly as possible.”This probe followed the gambling giant agreeing to pay a financial penalty totalling 585m, a charitable donation of 20m, and a contribution of 10m after it entered into a deferred prosecution agreement  for the Crown Prosecution Service .The settlement was over alleged bribery at a former Turkish subsidiary.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Elsewhere, the CPS charged 11 individuals, including five former Entain executives, with sever","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4124":"机动车零配件与设备","CPS":"Cooper-Standard Holdings Inc."},"translate_title":"四大毕马威会计师事务所因监管机构放弃审计调查而获得批准","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPS":1},"content_text":"FRC closes probe into KPMG over Entain The regulator has closed a probe into the Big Four giant, KPMG, over its audit of the Ladbrokes owner, Entain. In January 2025, the Financial Reporting Council (FRC) announced an investigation into Entain regarding its financial statements for the year ended 31 December 2022.At the time, a KPMG UK spokesperson said: “We will cooperate fully with the FRC to conclude this matter as quickly as possible.”This probe followed the gambling giant agreeing to pay a financial penalty totalling £585m, a charitable donation of £20m, and a contribution of £10m after it entered into a deferred prosecution agreement (DPA) for the Crown Prosecution Service (CPS). \n\nThe settlement was over alleged bribery at a former Turkish subsidiary.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nElsewhere, the CPS charged 11 individuals, including five former Entain executives, with several offences, including bribery and conspiracy to defraud, in connection with its investigation into the company’s former Turkish business.However, on Thursday, the FRC confirmed that it has closed the probe into KPMG.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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