Financial Services Financial Services

KPMG to cut down UK audit clients after string of fines and ahead of regulatory changes

By Phoebe Seers
  • 30 May 2022 15:27
  • 30 May 2022 15:27
KPMG says it will cut back on the number of clients it audits to focus on quality, following a string of high-profile failures.
The Big Four auditor said changes in regulation and increased complexity in audits had prompted the cull, which comes ahead of an anticipated announcement from the UK

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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