Auditor KPMG fined 700,000 pounds for failing to challenge client

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG310D5_L.jpg

The Financial Reporting Council, which did not name the company being audited, said KPMG’s fine was discounted from 700,000 to 455,000 for early settlement.

Senior partner Nicola Quayle was fined 45,000 pounds, reduced to 29,250 pounds for early settlement.