Mar 4, 10:30 AM

KPMG Fined £1.46M ($1.9M) for Failings in M&C Saatchi Audit

Britain's accounting watchdog has fined KPMG £1.46 million ($1.90 million) for its failings in the audit of advertising firm M&C Saatchi, leading up to an accounting scandal. The fine, reported by multiple sources, highlights 'serious failings' and 'basic failings' in the audit conducted in 2018. This action underscores the regulatory body's stance on the importance of diligence and accuracy in financial audits.

#Britain #KPMG

Written with ChatGPT (GPT-4).