FRC fines KPMG £5m over Co-operative Bank audit

The Financial Reporting Council (FRC) has fined ‘Big Four’ auditor KPMG £5m over a 2009 audit of the Co-operative Bank.
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The Financial Reporting Council (FRC) has fined ‘Big Four’ auditor KPMG £5m over a 2009 audit of the Co-operative Bank.