KPMG UK auditors are being investigated by the
Accountancy and Actuarial Discipline Board (AADB) over their work
on defence, security and aerospace company BAE Systems Group

The AADB will look into the audit work carried
out by KPMG for British Aerospace/ BAE and any subsidiaries between
1997 to 2007, investigating commissions BAE paid to subsidiaries,
agents and other related companies.

The investigation looks at any professional
advice, consultancy or tax work provided by KPMG in relation to
BAE’s commission payments. Commissions under the scope include
those made to Red Diamond Trading, Poseidon Trading Investments and

Earlier this year, BAE Systems paid £285m in
out-of-court settlements to the US Department of Justice and the UK
Serious Fraud Office for accounting irregularities.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.