August 20, 2018 / 6:45 AM / 3 months ago

UK regulator fines KPMG for misconduct on Ted Baker audit

FILE PHOTO: The KPMG logo is seen at their offices at Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

(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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