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FRC fines KPMG £1.75m over The Works audit

KPMG’s audit was flawed by a number of failings, including failure to respond to variances in stock counts identified during controls testing and omitting the test results from the audit file


The Financial Reporting Council has issued a fine and imposed sanctions against KPMG and Anthony Sykes in relation to the statutory audit of the financial statements of plc. 

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