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Accounting FirmsBig Four

KPMG hit with £13m fine over Silentnight sale

The firm has also been ordered to pay over £2.75m towards executive counsel costs of the investigation together with the costs of the tribunal

KPMG has been hit with a £13m fine by the The Financial Reporting Council (FRC) in relation to misconduct sanctions over its role in the sale of Silentnight to a private equity fund.

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