Basic Search  |  Summaries  |  Advanced SearchPenalty: £1,462,500
Year: 2024
Date: 4 March, 2024
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: KPMG agreed to pay £1,462,500 and costs of £535,000, and accept a severe reprimand, in settlement of a finding by the FRC that KPMG's audit of M&C Saatchi did not satisfy the relevant requirements, after accounting errors were found by M&C Saatchi and the FRC in a number of areas.
Settlement Type: settlement of FRC Decision
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)