By Kyle Brasseur2023-02-16T15:14:00
The U.K. Financial Reporting Council (FRC) launched an investigation into PwC’s audit work at collapsed real estate investment trust Intu Properties.
The probe, announced Thursday, is focused on the Big Four firm’s audits of Intu’s financial statements for the years ended December 2017 and 2018. The investigation does not currently relate to any individuals.
“We will cooperate fully with the FRC in its inquiries,” said a PwC spokeswoman in an emailed statement. “Delivering consistently high-quality audits remains our primary focus, and we continue to make significant investment in our audit practice.”
2023-12-19T15:00:00Z By Kyle Brasseur
The U.K. Financial Reporting Council announced it closed its investigation into Big Four firm PwC’s audit work at collapsed real estate investment trust Intu Properties.
2023-03-08T17:17:00Z By Aaron Nicodemus
The U.K. Financial Reporting Council fined Big Four firm PwC more than £5.6 million (U.S. $6.6 million) for failing to challenge management, obtain sufficient evidence, and follow basic requirements while conducting audits of a British defense contractor and its subsidiary.
2023-01-19T15:10:00Z By Kyle Brasseur
The U.K. Financial Reporting Council launched an investigation into Big Four audit firm EY’s work at Scotland-based Stirling Water Seafield Finance.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
2025-10-06T16:46:00Z By Aly McDevitt
A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.
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