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KPMG and former partner fined over failures in audit of UK clothing retailer

By Martin Coyle ( October 7, 2025, 09:25 GMT | Insight) -- KPMG has been fined £710,937 and a former audit partner at the firm £51,187 over “serious breaches” in their work for UK online clothing retailer N Brown. The Financial Reporting Council said that despite identifying issues of “serious risk” with the company’s market capitalization, the audit, tax, and advisory firm failed to act properly on them.KPMG has been fined £710,937 ($955,387) and a former audit partner at the firm £51,187 over “serious breaches” in their work for UK online clothing retailer N Brown....

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