Global Investigations Review - The law and practice of international investigations

FRC fines PwC and bans firm partner for 15 years

By Emily Casswell

13 June 2018

FRC fines PwC and bans firm partner for 15 years PwC has received a record-breaking fine from the FRC UnshakenCity/Flickr

The UK’s Financial Reporting Council has fined PwC £6.5 million for its audit of now-collapsed British retailer BHS in 2014 – the largest fine the agency has imposed on an auditing firm to-date.