KPMG Fined £14 Million Over Carillion Audit Scandal
- UK audit watchdog recommends penalty over KPMG failures
- KPMG says it is right firm faces sanction for misconduct
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KPMG LLP will pay more than £14 million ($17.1 million) over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis, in the latest in a long list of audit scandals surrounding the firm.