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KPMG UK to pay £5m to settle claim from ex-audit client Watchstone
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KPMG UK is to pay nearly £5m to Watchstone to settle a claim over alleged failings in its audit of insurance outsourcer Watchstone in 2013.
Watchstone —formerly Quindell — served KPMG with a £14m claim in November 2021 over alleged failings in its 2013 audit of the company.
Watchstone announced the £4.95m settlement in a regulatory news update...
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