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Violation Tracker UK Individual Case

Company: Grant Thornton UK LLP
Current Parent CompanyGrant Thornton
Parent at the Time of the Penalty Announcement: Grant Thornton
Penalty: £1,950,000
Year: 2020
Date: 8 July, 2020
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council fined Grant Thornton UK LLP £3 million (discounted to £1.95 million for admissions and early disposal) for: (i) firm-wide failures to ensure compliance with ethical standards and requirements between 2014 and 2017 and (ii) the loss of independence in relation to its audit of Conviviality Retail Plc for the year ending 30 April 2014.
Action Type: agency action
Agency: Financial Reporting Council
HQ Country of Parent: United States
Ownership Structure of Parent: privately held
Major Industry of Parent: business services
Specific Industry of Parent: accounting services
Source of Data(click here)