Aug 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
* UK Brexit plan to leave Irish border free of customs posts http://on.ft.com/2wO6BmY
* KPMG slapped with $6.2 million fine over oil company audit errors http://on.ft.com/2vGg7Iv
* Learndirect hit by loss of government funding http://on.ft.com/2w0fGLO
* Bank of England agents issue car finance warning http://on.ft.com/2vCducj
Overview
- Britain has proposed that the Irish border remain free of physical customs posts and the proposal will raise questions about how Britain and European Union would control trade and immigration on either side of the 310-mile land border after the UK leaves the EU.
- The U.S. Securities and Exchanges Commission has slapped KPMG with a fine of more than $6.2 million after it signed off the audit of the Tennessee-based oil and gas company, Miller Energy Resources, which had overvalued certain assets by more than 100 times.
- The UK's largest provider of adult learning and apprenticeships, Learndirect, will see its funding cut off by the Department for Education, following a damning report about the company's performance.
- Bank of England staff in a blog post wrote on Tuesday that even though UK car sales have faltered in recent months, they remain at historically high levels as car finance providers are taking ever more risks to attract consumers as import prices and falling vehicle sales take effect. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)