LONDON, April 10 Britain's audit regulator said
it was considering a probe into how KPMG checked the books of
HBOS, the UK bank that had to be rescued with taxpayer money in
the financial crisis.
"We don't currently have it under investigation but we are
monitoring the situation quite closely with everything that is
going on at the moment, and then we will take a decision whether
or not to start an investigation," an FRC spokeswoman said.
KPMG said it stands by the quality of its work at HBOS,
which is now part of Lloyds Banking Group.
UK shareholder advisory group Pirc said in a letter to the
Financial Times on Wednesday there should be an independent
investigation into how KPMG audited HBOS in the run up to the