- 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 Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
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The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
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The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
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