home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here – if you like what you see sign up today

Latest News

KPMG sanctioned

01 August 2019

KPMG has been fined £5m and severely reprimanded for its failings to follow the rules of “very great importance to the financial system” in its preparation of client asset reports by BNY Mellon in 2011.

The FRC fines were, however, reduced by 30% to £3.5m.

The audit watchdog also reprimanded partner Richard Hinton £52,500 for his ‘failure’.

The Big 4 firm is also required to undergo a quality performance review process affecting each person who signs a client asset report on behalf of KPMG.

[«all news]
preload preload preload preload
Subscribe to RSS