
KPMG fined for breaching audit independence rules
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK accounting regulator has fined KPMG £690,000 for relying on another firm’s work during its audit of agriculture and engineering group Carr’s, in breach of rules on auditor independence. The Financial Reporting Council said…