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KPMG slapped with £14.4M (€16.8M) fine by UK Financial Reporting Council over forged audit documents

By Elizabeth Hearst for AMLi

Accounting firm, KPMG, has been hit with one of the largest fines in UK audit history by the country’s Financial Reporting Council (FRC). 

The FRC confirmed on Thursday that KPMG would be hit with a £14.4M (€16.8M) settlement after former staff forged documents and misled the regulator over audits. 

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