Image:
KPMG and a former partner have been fined and 'severely reprimanded'
The Financial Reporting Council (FRC) has sanctioned KPMG and former partner David Costley-Wood for their roles in the sale of bed manufacturer Silentnight.
Both KPMG and Costley-Wood have been "severely reprimanded"; KPMG has been fined £13m while Costley-Wood has been fined £500,000. Costley-Wood has also been excluded from membership of the Insti...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
!['This guidance will help ensure firms can take decisive and appropriate action against employees for [non-financial misconduct].'](https://image.chitra.live/api/v1/wps/4428d3a/5e71eb09-2905-4fcb-98c9-6b46a9c938a0/17/fca-reception-1-323x202.jpg)
