LONDON, United Kingdom — The UK's Financial Reporting Council has fined accountants KPMG £3 million and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker's accounts.

KPMG's fine related to the accounts for the company for the financial years ending in January 2013 and 2014.

By Sangameswaran S; editor: Patrick Graham).