LONDON (Reuters) – Britain’s Monetary Reporting Council (FRC) has fined KPMG 4.5 million kilos ($5.7 million) over its audit of aero engine maker Rolls-Royce (OTC:) greater than a decade in the past, the accounting watchdog mentioned on Tuesday.

The FRC mentioned the advantageous, which was decreased to three.3 million kilos after admission of failures by KPMG, associated to funds made by Rolls-Royce to brokers in India, which ended with the aero-engine maker being fined by the Critical Fraud Workplace in 2017.

($1 = 0.7951 kilos)