Basic Search  |  Summaries  |  Advanced SearchPenalty: £4,525,000
Year: 2019
Date: 4 July, 2019
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council imposed sanctions against Deloitte LLP in relation to the audit of the financial statements of Serco Geografix Limited for the years ended 31 December 2011 and 2012, and against its audit engagement partner in relation to the year ended 31 December 2011, following their admissions of Misconduct. Deloitte was fined £6,500,000 (discounted for settlement to £4,225,000) and was severely reprimanded. The firm was also required to pay £300,000 towards the costs of the investigation.
Action Type: agency action
Agency: Financial Reporting Council
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: privately held
Major Industry of Parent: business services
Specific Industry of Parent: accounting services
Source of Data: (click here)