August 20, 2018 / 6:47 AM / 4 months ago

UK regulator fines KPMG for misconduct on Ted Baker audit

The logo of KPMG, a professional service company, is seen at the company's head offices at La Defense business and financial district in Courbevoie near Paris, France. May 16, 2018. REUTERS/Charles Platiau

(Reuters) - The UK’s Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker’s (TED.L) accounts.

KPMG’s fine related to the accounts for the company for the financial years ending in January 2013 and 2014.

Reporting by Sangameswaran S in Bengaluru; editing by Patrick Graham

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