UK regulator fines KPMG for misconduct on Ted Baker audit

The UK's Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker's accounts.

KPMG's fine related to the accounts for the company for the financial years ending in January 2013 and 2014.


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