Deloitte has been handed a heavy fine by the Financial Reporting Council (FRC) over failings in relation to its 2015 and 2016 audits of building materials supplier SIG plc, according to Accountancy Age news report. Following a four-year investigation, the Big Four firm admitted two major breaches of FRC standards. The watchdog responded with a […]
Britain’s accounting watchdog, Financial Reporting Council (FRC) on Monday slammed £1.75m fine on auditor PwC after it failed to properly challenge UK telecoms group, BT, once a half-a-billion pound fraud was discovered in BT’s Italian operations. A news report by Irish Times quoted the Council as saying that that BT’s full-year financial statement for the […]