Basic Search  |  Summaries  |  Advanced SearchPenalty: £5,173,730
Year: 2024
Date: 7 May, 2024
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council issued Final Settlement Decision Notices under the Audit Enforcement Procedure and imposed sanctions against Oliver Clive & Co, PwC, and EY, who agreed to fines and severe reprimands for inadequate audits of London Capital & Finance plc which had gone into administration owing approximately £237 million to 11,625 bondholders.
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: (click here)