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KPMG fined for second time this month over audit failings

Professional Services Correspondent

KPMG has been fined £1.7m by watchdog the Financial Reporting Council over its audit of retailer The Works.

The fine was reduced to just over £1m to reflect the firm’s admission of wrongdoing and the early settlement of the case, the FRC said in a 26 April statement.

KPMG fined £1.7m for ‘rudimentary’ failings in audit of retailer The Works

James Booth

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