KPMG's Annus Horribilis Continues With Fine for Ted Baker Audits

Firm and partner fined over 2013 and 2014 Ted Baker audits
KPMG audited company while also providing an expert witness

A logo sits on display outside the offices of KPMG LLP in the Canary Wharf business and shopping district in London, U.K.Photographer: Simon Dawson

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By Karin Matussek

August 20, 2018 at 8:35 AM UTC

This article is for subscribers only.

For KPMG, another week, another rebuke from U.K. accounting regulators.

KPMG was fined 2.1 million pounds ($2.7 million) by the Financial Reporting Council following its admission of misconduct on Ted Baker Plc’s financial statements in 2013 and 2014. In addition, a KPMG partner, Michael Francis Barradell, was reprimanded by the regulator and fined an additional 46,800 pounds.