Crowe U.K. was assessed a penalty of 144,000 pounds (U.S. $181,000) by the U.K. Financial Reporting Council (FRC) for failures in its audit of Aseana Properties Limited’s financial statements for the year ended Dec. 31, 2019.
The FRC reduced its penalty from £180,000 (U.S. $226,000) for cooperation and steps taken to ensure nonrepetition, the regulator announced Tuesday.
