PwC Fined £15m by Financial Conduct Regulator in First-Ever Penalty on Audit Firm In a landmark decision, the Financial Conduct Authority (FCA) has imposed a £15m fine on accounting giant PwC, making it the first time a financial penalty has been levied on an audit firm by the regulatory body. PwC, one of the “big four” accounting firms, was found to have overlooked several audit red flags and…
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