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KPMG fined for audit of N Brown’s FY22 statements

The Financial Reporting Council (FRC) has issued fines against KPMG and a former partner of the advisory firm in relation to their audit of financial statements for fashion retailer N Brown Group. Following an investigation, the FRC has imposed a fine of 1.25 million pounds on KPMG and a further 90,000 pound fine on Anthony Sykes, who resigned...

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Business

UK market regulator fines KPMG over improper Ted Baker audit

London - The UK's Financial Reporting Council (FRC) has imposed a 3 million pounds on senior partner at KPMG over misconduct during the auditing of fashion retailer Ted Baker. The British market regulator fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to...

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