Source: Accounting Today: IRS Watch
The United Kingdom’s Financial Reporting Council has fined KPMG’s U.K. firm £5 million (discounted through a settlement to £4 million, or about $5.2 million) for its fiscal year 2009 audits of the Co-operative Bank.

Read More: KPMG fined .2M by U.K. regulator for Co-op Bank audits