KPMG and PwC sanctioned by FRC for Eddie Stobart audits accountancyage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountancyage.com Daily Mail and Mail on Sunday newspapers.
The Big Four firm was hit with a $6.6 million fine by the U.K.'s audit watchdog over serious failures for its work on Babcock International Group's books in 2017 and 2018.
Much of the watchdog s investigation concerned seven contracts that provided about a quarter of Babcock s turnover for the 12 months ending March 2018.