KPMG Fined £3.4 Million by UK Regulator Over 2010 Rolls-Royce Audit
- Firm didn’t address issue of payments by Rolls-Royce in India
- KPMG was ordered to pay $4.3 million and faces external review
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The UK’s Financial Reporting Council fined KPMG and its partner Anthony Sykes over its 2010 audit of Rolls-Royce Group Plc, the latest in a long list of audit scandals surrounding the firm.