Grant Thornton fined by UK financial reporting watchdog
The audit firm’s failures in ethics were repeated over three years, resulting in numerous breaches of standards and requirements
08 July 2020 - 12:49
London — Britain’s accounting watchdog fined Grant Thornton £3m on Wednesday for ethics failures in relation to its audit of Conviviality, the alcohol retailer, which collapsed in 2018.
The UK Financial Reporting Council (FRC) said the fine was reduced to £1.95m for admissions and early disposal in relation to the audit for the year ending 30 April, 2014...
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