Financial Reporting Council Archives

U.K. Regulator Fines Deloitte £6.5 Million Over Audit Misconduct

Muhereza KyamuteteraBanking & Financial Services Company News The Big StoryJuly 8, 2019July 9, 2019

The Financial Reporting Council, Britain’s regulator for accounting and audit, on Thursday, July 4th 2019, penalized and reprimanded Deloitte LLP, the global auditing giant, and one of its partners for…

PwC and KPMG fined £10.5m for audit breaches in UK as pressure mounts to split up the “big 4” accountancy firms

Muhereza KyamuteteraBanking & Financial Services Company News The Big StoryJune 30, 2019June 30, 2019

Report of the Presidential Tripartite Committee PricewaterhouseCoopers LLP (PwC) and KPMG, two of the world’s largest “big 4” accounting firms were fined £4,550,000 and £6 million respectively for audit breaches…