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Violation Tracker UK Individual Case

Company: KPMG LLP
Current Parent CompanyKPMG
Parent at the Time of the Penalty Announcement: KPMG
Penalty: £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)