Basic Search  |  Summaries  |  Advanced SearchPenalty: £2,212,000
Year: 2018
Date: 20 August, 2018
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council fined and reprimanded KPMG Audit Plc and a Senior Statutory Auditor and Audit Engagement Partner, following their admission of Misconduct in relation to their audits of the financial statements of Ted Baker Plc and No Ordinary Designer Label Limited for the financial years ended 26 January 2013 and 25 January 2014. KPMG received a Severe Reprimand and a fine of £3,000,000 (discounted for settlement to £2,100,000). In addition KPMG was required to pay £112,000 in respect of the entirety of the Executive Counsel's costs.
Action Type: agency action
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)