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Keep up to dateBy Daniel Gayne2022-07-25T10:04:00
Former staff also punished for misleading regulator
Four former KPMG auditors at have been fined and banned from the sector’s professional body for their part in misleading the UK’s audit watchdog over their audits of doomed construction giant Carillion.
The Financial Reporting Council (FRC) today announced that KPMG had been fined £14.4m, as well as £3.95m in costs, the biggest penalty in UK audit history.
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