KPMG、英国財務報告審議会から6百万ポンドの罰金課される（economiaより）

KPMG hit with £6m fine over Equity Red Star audits

英国財務報告審議会が、Equity Syndicate Management Ltd (ESML)という会社の決算に関しておよそ10年前に行われた監査について、KPMGに対し6百万ポンドの罰金を課したという記事。

The Financial Reporting Council (FRC) has fined KPMG £6m over two flawed audits it performed in relation to the accounts of Equity Syndicate Management Ltd (ESML) 10 years ago

KPMGは、ロイズの自動車保険引受会社Lloyd’s Syndicate 218の2008年と2009年の財務諸表監査についても処分を受け、2018年の保険事業の監査について追加的内部レビューを行うことに合意しました。

The Big Four firm, which was severely reprimanded over its work on the 2008 and 2009 financial statements of Lloyd’s Syndicate 218 (Equity Red Star), has also agreed to carry out an additional internal review and report back to the FRC on “certain aspects of its 2018 audits of insurance undertakings”.

2人のパートナー（退職済み）も処分を受け、それぞれ10万ポンドの罰金が課せられました。

Two of its partners, Mark Taylor and Anthony Hulse (who has now left the firm), were also sanctioned. Both received severe reprimands and were fined £100,000 each, while Taylor agreed to having his audits reviewed by a second partner until the end of 2020.

ひとりは、Syndicate 218の監査パートナー、もうひとりはその英国親会社の監査パートナーでした。

Taylor was the audit partner for Syndicate 218, a Lloyd’s motor insurance underwriter, while Hulse was the audit engagement partner for IAG Holdings, then the UK parent of Syndicate 218. Both are ICAEW members.

保険金請求ファイルのレビューのプロセスに関して調査が不十分とされました。責任準備金の劣化に関する警告サインに対応しなかった、その結果、無限定意見を表明するには不十分な証拠しかなかったと、FRCは述べています。

The findings against KPMG and Taylor relate to the 2008 and 2009 audits while the findings against Hulse relate to 2009 only.

According to the FRC, in both years, they made insufficient enquiries about the claims file review process. “Warning signs of deterioration in the Syndicate’s claim reserves were not acted upon, and consequently there was insufficient evidence to provide an unqualified audit opinion,” the regulator said.

この件に関連して、デロイトのパートナーも2017年に処分されています。このパートナーは、数理計算サービスの提供において不備があったことを認めました。

In August 2017, Deloitte partner James Racow was severely reprimanded and fined £75,200 by the FRC after he admitted misconduct over his provision of actuarial services to ESML and Syndicate 218.

He admitted misconduct in relation to the 2008 and 2009 years, and accepted that his conduct fell short of the standards reasonably to be expected of a member of the Institute and Faculty of Actuaries.

He was investigated over the advice he gave ESML on the Syndicate 218 reserving. According to the FRC’s findings, as a result of his failings, Racow was not in a position to sign – and so should not have signed – the 2008 and 2009 statements of actuarial opinion in relation to Syndicate 218.