Embarrassed firm ‘did not take own advice’

A MULTI-NATIONAL consultancy firm awarded government contracts worth millions of euro yesterday described as an “embarrassment” delays in filing its own accounts because of internal system failures.

BearingPoint has been awarded State contracts totalling more than €40 million, including the development of a automated passport system and a key role in delivering the €26m flagship e-government project Reach.

Formerly known as KPMG Consulting, BearingPoint this week again failed to file its quarterly financial report and has yet to file any from 2004. The problem lies with its internal financial and auditing systems.