PwC fined £6.5m over 'lack of competence' in audit

Accounting giant PwC has been fined £6.5m over its audit of the cloud computing firm Redcentric.

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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...
source: BBC Leeds

2019-06-13 13:47
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