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    1. Home
    2. >Finance
    3. >UK accounting watchdog clears KPMG in Entain audit probe
    Finance

    UK Accounting Watchdog Clears Kpmg in Entain Audit Probe

    Published by Global Banking & Finance Review®

    Posted on April 2, 2026

    1 min read

    Last updated: April 2, 2026

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    Quick Summary

    On April 2, 2026, the UK's accounting regulator—the Financial Reporting Council (FRC)—declined to take any action following its probe into KPMG’s audit of Entain’s 2022 financial statements. The investigation has now been closed with KPMG cleared.

    UK Accounting Watchdog Clears KPMG in 2022 Entain Audit Investigation

    Overview of the Watchdog's Decision

    Background of the Investigation

    KPMG's Audit of Entain

    Financial Year Ended December 2022

    April 2 (Reuters) - Britain's accounting watchdog said on Thursday it had decided against any action in an investigation into the audit conducted by KPMG of the financials of bookmaker Entain for the year ended December 2022.

    Reporting and Editorial Information

    (Reporting by Prerna Bedi in Bengaluru; Editing by Rashmi Aich)

    References

    • Audit quality | KPMG UK
    • Investigation regarding the audit of Entain plc by KPMG LLP

    Table of Contents

    • Overview of the Watchdog's Decision
    • Background of the Investigation
    • KPMG's Audit of Entain
    • Financial Year Ended December 2022
    • Reporting and Editorial Information

    Key Takeaways

    • •The FRC investigation into KPMG’s audit of Entain’s 2022 accounts, opened in January 2025, has been closed with no enforcement action taken against KPMG (kpmg.com).
    • •The probe was launched in January 2025 by the FRC’s Enforcement Division under its Audit Enforcement Procedure, following a decision in November 2024 (frc.org.uk).

    Frequently Asked Questions about UK accounting watchdog clears KPMG in Entain audit probe

    1Why was KPMG under investigation by the UK accounting watchdog?

    KPMG was investigated for its audit of Entain's financials for the year ended December 2022.

    2What was the outcome of the KPMG audit probe related to Entain?

    The UK accounting watchdog decided not to take any action against KPMG after its investigation.

    3Which year's financial audit of Entain was under scrutiny?
  • •The closure comes amid heightened regulatory scrutiny of KPMG stemming from previous investigations and fines, including major cases such as Carillion, though none related to Entain were pursued further (kpmg.com)
  • The audit of Entain's financial year ended December 2022 was under scrutiny.

    4Who reported the findings of the Entain audit investigation?

    The findings were reported by Prerna Bedi in Bengaluru and edited by Rashmi Aich.

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