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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: £3,296,000
Year: 2018
Date: 11 June, 2018
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council fined and reprimanded the audit firm KPMG LLP and an Audit Engagement Partner following their admission of Misconduct in relation to the audit of the financial statements of Quindell plc for the period ended 31 December 2013. KPMG was fined £4,500,000 (discounted for settlement to £3,150,000) and was required to pay a sum of £146,000 towards 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)