LONDON: Britain’s accounting watchdog has fined PwC a record£5mil (US$6.5mil) over the way it checked the books of collapsed social housing maintenance company Connaught.
The Financial Reporting Council (FRC) also fined Stephen Harrison, a retired PwC audit partner, £150,000 for misconduct in relation to the 2009 audit of listed Connaught, which went into administration in the following year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!