PwC fined £6.5m over ‘lack of competence’ in audit
Image copyright Jack Taylor Accounting giant PwC has been fined £6.5m over its audit of the cloud computing firm Redcentric. The Financial Reporting Council (FRC), which regulates auditors, reduced the fine to £4.55m after PwC admitted its mistakes. The FRC said some of the breaches were of a “fundamental nature, evidencing a serious lack of […]
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