PwC fined £5m over Kier and Galliford Try audit jobs
The Financial Reporting Council (FRC) has ordered PwC to put a sharper focus on its auditing of long-term contracts as it gave out fines in excess of £5m
Stay updated with breaking news from Jonathan Hook. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Financial Reporting Council (FRC) has ordered PwC to put a sharper focus on its auditing of long-term contracts as it gave out fines in excess of £5m
The audit watchdog said Tuesday that it had hit accounting giant PricewaterhouseCoopers with two fines totaling almost £5 million ($6.25 million) because of failures in its audits of two London-listed major construction companies.
PwC and one of its employees have been fined a total of £3.1 following a probe sparked by the £1.5bn-plus Aberdeen bypass project.
Investegate announcements from Financial RepCouncil, Sanctions against PwC re audit of Galliford Try
“I don’t think there’s anything that I wouldn’t look at or explore if it’s institutional quality,” said the next CIO of the Harry and Jeanette Weinberg Foundation.