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Violation Tracker UK Individual Case
Company: Ernst & Young LLP
Current Parent Company:
Ernst & Young
Parent at the Time of the Penalty Announcement: Ernst & Young
Penalty: £296,305
Year: 2024
Date: 7 August, 2024
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: E&Y agreed to pay a total of £296,305 in fines, disgorgement and costs in settlement of a finding by the FRC that the company breached the FRC's Revised Ethical Standard 2019, namely exceeding the 70% fee-cap on non-audit services, in the Statutory Audit of the Financial Statements of Evraz plc for the year ended 31 December 2021.
Settlement Type: Settlement with FRC
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:
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