Basic Search  |  Summaries  |  Advanced SearchPenalty: £3,165,000
Year: 2018
Date: 29 August, 2018
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The Financial Reporting Council fined and reprimanded Grant Thornton UK LLP and three senior statutory auditors following their admissions of Misconduct in relation to the audits of the financial statements of Nichols Plc and the University of Salford for the years ending 2010, 2011, 2012 and 2013. Grant Thornton received a Severe Reprimand and a fine of £4,000,000 (discounted for settlement to £3,000,000). In addition, Grant Thornton was required to pay £165,000 in respect of the entirety of the Executive Counsel's costs.
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)