Grant Thornton UK fined for ‘skepticism failures’ in Interserve audit
By 
Jaclyn Jaeger2021-11-01T20:07:00
Grant Thornton UK received a “severe reprimand” and reduced penalty of £718,250 (U.S. $981,000) for breaches that arose in the context of audit work on the 2015-17 financial statements of now-collapsed construction firm Interserve.
Related articles
-
ArticleGrant Thornton UK to pay $1.6M over Sports Direct audit failings
Grant Thornton UK was fined a total of approximately £1.3 million (U.S. $1.6 million) by the Financial Reporting Council for failing to provide reasonable assurance during two separate audits at retailer Sports Direct International.
-
ArticleFRC report sets quality expectations for U.K. audit firms
The U.K. Financial Reporting Council published a blueprint for how it wants audit firms to perform to ensure they deliver high-quality audits.
-
ArticleFRC launches probe of BDO over NMCN audit
The Financial Reporting Council announced the launch of an investigation into BDO in relation to its audit of U.K. construction and engineering company NMCN, which filed for administration earlier this month.
More from Regulatory Enforcement
-
ArticleJPMorgan Chase pays $330M to settle Malaysian fund allegations
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says. An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former ...
-
ArticleOCC lifts AML consent order on Anchorage Digital
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
-
News BriefDOJ charges California fintech executives in $248M fraud involving falsified documents
The co-founders of a California financial tech and sustainability services company defrauded investors and lenders of $248 million, according to the Department of Justice.