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  • The Independent

    KPMG fined almost £1.5m over M&C Saatchi audit failures

    by Henry Saker-Clark Mar 04, 2024 2 minutes
    Source: PA Archive

    KPMG has been fined almost £1.5 million by the UK accounting watchdog over its audit of advertising firm M&C Saatchi.

    The (FRC) announced the sanctions against the big-four financial firm and auditor Adrian Wilcox on Monday, almost three years after a probe was first launched into the firm.

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