UK FRC fines KPMG £3.2m over failed Quindelll audit

UK’s accounting financial watchdog, the Financial Reporting Council (FRC), has fined KPMG £3.2 million ($4.3 million) on Monday for failings in its audit of Quindell Plc. The fine is coming after KPMG and its employee William Smith, who was fined 84,000 pounds, both failed to ensure that Quindell’s financial statements for 2013 and 2014 were […]