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Violation Tracker UK Individual Case

Company: KPMG
Current Parent CompanyKPMG
Parent at the Time of the Penalty Announcement: KPMG
Penalty: £3,375,000
Year: 2022
Date: 24 May, 2022
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: KPMG agreed to pay a £4.5 million fine, reduced for cooperation and admissions to £3,375,000 in a decision by the FRC that its audits of Rolls-Royce Group plc did not meet the relevant requirements of statutory audits.
Action Type: agency action
Settlement Type: Admission and early disposal
Agency: Financial Reporting Council
HQ Country of Parent: Netherlands
Ownership Structure of Parent: privately held
Major Industry of Parent: business services
Specific Industry of Parent: accounting services
Source of Data(click here)