- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-05-14T16:30:00
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.
The FRC found the reviewed audit unsatisfactory and of poor quality, with specific deficiencies in the carrying value of inventory, assessment of fraud risk, and engagement quality control review oversight.
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2024-08-08T17:06:00Z By Adrianne Appel
The Financial Reporting Council ordered a unit Ernst & Young UK to pay 296,000 pounds (U.S. $376,000) over the firm’s 2021 audit of Russia mining group Evraz.
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The U.K.’s Financial Reporting Council fined audit firm MacIntyre Hudson (MHA) and two employees for breaching the agency’s requirements.
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Big Four firms PwC and EY were each penalized by the Financial Reporting Council for alleged shortcomings during their respective audits at collapsed investment firm London Capital & Finance.
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The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
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After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
2025-05-16T14:16:00Z By Aaron Nicodemus
As the Consumer Financial Protection Bureau steps back from its core mission of protecting American consumers, states like New York and Pennsylvania are stepping up to fill the regulatory void.
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