By Kyle Brasseur2024-04-09T17:23:00
Grant Thornton UK was assessed a penalty of 40,000 pounds (U.S. $51,000) by the Financial Reporting Council (FRC) for alleged procedure failures affecting the firm’s audit of a local authority’s pension fund.
The FRC reduced its penalty from £50,000 (U.S. $63,000) for cooperation and other mitigating factors, including the firm promptly addressing the identified deficiencies and demonstrating contrition, the regulator announced Monday.
The relevant pension fund audit was for the financial year ended March 31, 2021. The FRC did not identify the local authority involved by name.
2024-03-05T20:05:00Z By Kyle Brasseur
KPMG agreed to pay a reduced penalty of nearly £1.5 million (U.S. $1.9 million) assessed by the U.K. Financial Reporting Council addressing admitted failings in the Big Four audit firm’s financial year 2018 work at advertising services company M&C Saatchi.
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.
2023-08-18T16:30:00Z By Jeff Dale
The U.K. Financial Reporting Council fined audit firm Mazars £72,000 (U.S. $92,000) for “wide-ranging failings” in its audit of an unnamed market traded company.
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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