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<p>The fine imposed by the Financial Reporting Council against KPMG LLP in respect
of the audit of the accounts of Rolls Royce plc was £4.2 million, adjusted for admissions
and early disposal to £3.375 million. The fine imposed against the Audit Engagement
Partner, Anthony Sykes, was £150,000, adjusted for admissions and early disposal to
£112,500.</p><p> </p><p>As the FRC investigation was under the FRC’s Audit Enforcement
Procedure, the fines are subject to the requirement in regulation 5(7) of the Statutory
Auditors and Third Country Auditors Regulations 2016 that the Financial Reporting
Council must pay them to the Secretary of State at BEIS for remittance to the exchequer.</p>
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