By Kyle Brasseur2023-12-19T15:00:00
The U.K. Financial Reporting Council (FRC) announced it closed its investigation into Big Four firm PwC’s audit work at collapsed real estate investment trust Intu Properties.
In January, the regulator launched its probe into PwC’s audits of Intu’s financial statements for the years ended December 2017 and 2018.
The probe was dropped after the FRC found “the relevant person(s) should no longer be liable for enforcement action,” it said in a press release Tuesday.
2024-05-14T16:30:00Z By Jeff Dale
Crowe U.K. was assessed a penalty of £144,000 (U.S. $181,000) by the U.K. Financial Reporting Council for failures in its audit of Aseana Properties Limited’s financial statements for the year ended Dec. 31, 2019.
2024-04-09T17:23:00Z By Kyle Brasseur
Grant Thornton UK was assessed a penalty of £40,000 (U.S. $51,000) by the Financial Reporting Council for alleged procedure failures affecting the firm’s audit of a local authority’s pension fund.
2024-01-23T12:55:00Z By Neil Hodge
Legal experts are unconvinced record fines against audit firms imposed last year by the U.K. Financial Reporting Council will necessarily improve audit quality.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
2025-09-10T22:24:00Z By Adrianne Appel
California, Colorado, and Connecticut launched a joint enforcement sweep against businesses that fail to honor consumers’ online opt-out requests, the states announced Tuesday.
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