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KPMG chided for ‘significant weaknesses’ in UK banking audits

By Fiona Maxwell and Annie Robertson ( July 23, 2021, 10:36 GMT | Insight) -- KPMG has been told to improve its banking audits after the Financial Reporting Council found significant weaknesses. Other major auditors including Mazars and BDO also came in for criticism, but KPMG's three peers at the top of the industry — Deloitte, EY and PwC — escaped relatively unscathed after a recent string of scandals.KPMG has been told to improve the quality of its audits, after the UK watchdog found deficiencies in its work with banks....

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