Source: The Economic Times

PwC: UK regulator fines PwC $5.8 mln over 2019 audit

Accounting firm PwC has been fined £4.5 million (approximately $5.8 million USD) by Britain's Financial Reporting Council (FRC). The fine relates to PwC's audit of Wyelands Bank's financial records for the year 2019. The FRC announced the sanction in a statement released on Tuesday.

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Followers on Owler

35,737

Est. Annual Revenue

$50-100B

Est. Employees

100K-9.9M

Chairman

Robert E. Moritz

CEO Approval Rating

83/100

PwC is an England-based management consulting firm that offers services such as audit, assurance and advisory for industries including automotive, insurance and real estate.