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Violation Tracker UK Individual Case

Company: PricewaterhouseCoopers LLP
Current Parent CompanyPricewaterhouseCoopers
Penalty: £2,415,000
Year: 2022
Date: 8 August, 2022
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: PricewaterhouseCoopers agreed to pay a £2.5 million fine, reduced for cooperation and admissions to £1,750.000, and were charged costs of £665,000 in a decision by the FRC that its audits of BT breached requirements by failing to meet professional standards for evidence and documentation.
Action Type: agency action
Settlement Type: settlement of FCA Decision
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)