Accountancy

KPMG fined over M&C Saatchi audit failings

Big Four firm fined over ‘serious audit failings’ in work for advertising giant M&C Saatchi

KPMG made major errors in its audit of M&C Saatchi, the regulator found
KPMG made major errors in its audit of M&C Saatchi, the regulator found Photo: Mike Kemp/In Pictures via Getty Images

KPMG has been fined more than £2m for failings in its audit of advertising giant M&C Saatchi.

London-listed M&C Saatchi’s share price was hit hard in 2019 after it told the stock market that it had made errors in its accounts.

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