KPMG Faces Scrutiny Over Entain Audit as FRC Launches Investigation
The Financial Reporting Council (FRC) has launched an investigation into KPMG, focusing on its audit of Entain’s 2022 financial statements.

FRC’s Investigation Details
The FRC’s decision to investigate KPMG was made in November, though specific details regarding the audit concerns were not disclosed. The investigation focuses solely on KPMG’s role as the auditor of Entain’s 2022 financial statements.
An FRC statement clarified that the probe does not extend to any other individuals or entities associated with Entain.
The FRC’s Enforcement Division will conduct the investigation under the Audit Enforcement Procedure.
KPMG’s Audit Improvement Efforts
KPMG has been actively working to improve its audit practices, following several fines related to the quality of its audits. This investigation by the FRC adds further pressure on the firm to demonstrate its commitment to rigorous auditing standards.
The FRC’s scrutiny of KPMG’s work on Entain’s accounts underscores the importance of maintaining high levels of integrity and accuracy in financial reporting within the gaming industry.
Entain Declines to Comment
Gambling Insider reached out to Entain for comment on the investigation, but the operator declined to provide any statement.
This lack of comment leaves the focus squarely on the FRC’s investigation and KPMG’s response to the allegations. The investigation will likely be closely watched by stakeholders in the gaming and financial sectors.