KMPG criticised in scandal report

KMPG, one of the country’s largest accountancy firms, has had adverse findings made against it in the inspectors’ report into the affairs of National Irish Bank.

The firm was one of 19 parties who were criticised by the two inspectors, former Judge John Blayney and accountant Tom Grace.

KPMG had acted as external auditors to the bank, which was criticised yesterday for engaging in assisting customers evade tax, and also for overcharging thousands of customers.