KPMG fined £1.7m for ‘rudimentary’ failings in audit of retailer The Works
KPMG fined for second time this month over audit failings
Big Four firm says 'audit quality remains our number one priority'
T.Fallon/Getty ImagesKPMG has been fined £1.7m by watchdog the Financial Reporting Council over its audit of retailer The Works.
The fine was reduced to just over £1m to reflect the firm’s admission of wrongdoing and the early settlement of the case, the FRC said in a 26 April statement.
KPMG and its former partner Anthony Sykes admitted breaches in connection...
