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Violation Tracker UK Individual Case

Company: Ernst & Young LLP
Current Parent CompanyErnst & Young
Penalty: £2,025,000
Year: 2017
Date: 16 October, 2017
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Ernst & Young LLP (EY) and a Senior Statutory Auditor and Audit Engagement Partner, were fined and reprimanded after admitting Misconduct in relation to the audit of the financial statements of Tech Data Limited (formerly known as Computer 2000 Distribution Limited), for the financial year ended 31 January 2012. EY received a Reprimand and a fine of £2,750,000 (adjusted for mitigating factors and discounted for settlement to £1,800,000). EY also agreed to pay a sum of £225,000 towards Executive Counsel's costs.
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)