Basic Search  |  Summaries  |  Advanced SearchPenalty: £5,600,000
Year: 2017
Date: 16 August, 2017
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: PricewaterhouseCoopers LLP wasfined and severely reprimanded after admitting Misconduct in relation to the audit of the financial statements of RSM Tenon Group plc, for the financial year ended 30 June 2011. PwC was fined £6,000,000 (reduced to £5,100,000 after a settlement discount) plus a sum of £500,000 to be paid towards the FRC's 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)