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Topic: Audit

Hit-and-miss cooperation sees PwC fined £5.5 million for Babcock audit failures

The UK’s accounting regulator has criticised Big Four consultancy PwC for failing to provide “timely and accurate” responses during an investigation into the firm’s audits of defence company Babcock.

08 March 2023

FRC closes final Serco audit investigation

21 February 2023

FRC investigates audit of Russian fintech’s holding company

18 January 2023

Austrac orders AML audits at two betting companies

03 November 2022

Regulator fines former Rabobank US executive for obstruction

A US financial regulator has fined the former CEO of Dutch lender Rabobank’s California arm $20,000 for refusing to hand over documents during an audit of the bank’s anti-money laundering procedures.

19 August 2022

PwC to pay £1.75m for BT audit failures

08 August 2022

FRC rakes in its largest ever amount of financial penalties

The UK’s accounting regulator has broken its personal record for the total value of fines it has handed out in the past financial year.

28 July 2022

KPMG fined for misleading UK audit regulator

Big Four accounting firm KPMG has been fined £14.4 million for providing false and misleading documents and information during inspections of the firm’s audits of Carillion and Regenersis.

25 July 2022

FRC fines Grant Thornton over “serious failings” on Sports Direct audits

The penalty comes 21 months after the UK’s accounting regulator won a partial victory in a high-profile privilege wrangle for the sports retail company’s documents.

18 July 2022

Report: KPMG faces FRC fine over Rolls-Royce audits

23 May 2022