Regulation
KPMG fined £1.25m over Luceco audit
The FRC said KPMG and former employee Stuart Smith admitted eight breaches of relevant requirements in relation to two areas of Luceco’s audit
The Financial Reporting Council (FRC) has sanctioned KPMG and a former employee of the firm, Stuart Smith, over the audit of Luceco’s financial statements for the year ended 31 December 2016.
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