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KPMG audited Towergate throughout client money failures

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Big four professional services firm KPMG served as Towergate’s external auditor during a four year spell in which the broker misallocated £15m.

Towergate announced last Friday that it misallocated £15m of client and insurer monies between restricted and unrestricted accounts between November 2007 and January 2011.

KPMG served as the broker's

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