UK Accounting Watchdog Fines KPMG, Former Partner Over Audit

Financial Reporting Council says KPMG and the firm’s former partner Anthony Sykes have admitted to rule breaches in the audit of financial statements of TheWorks.co.uk Plc for year ended April 2020, according to a statement.

• KPMG’s financial sanction of £1.75 million was reduced to £1.02 million and Sykes’s financial sanction of £75,000 was lowered to £43,875 to reflect their co-operation and admissions

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Tuhin Kar in London at tkar1@bloomberg.net

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Tiago Ramos Alfaro at talfaro1@bloomberg.net

Leonard Kehnscherper

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