KPMG Hit With Record Fine in UK for 'Textbook Failure' in Carillion Audits

Britain's accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a "textbook failure" in audits of Carillion, the

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United Kingdom , Britain , Sharon Singleton , Peter Meehan , Mark Potter , Jon Holt , Huw Jones , Richard Moriarty , Financial Reporting Council , Deloitte ,