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FRC issues sanctions against audit firms for failures in LCF audits

FRC issues sanctions against audit firms for failures in LCF audits
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PwC and EY handed multimillion-pound fines for London Capital & Finance audits

Three firms, including PwC and Ernst & Young, have been handed fines by the accounting watchdog for their audits of London Capital & Finance.

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PwC and EY fined for audits of failed minibond firm LCF

PwC and EY fined for audits of failed minibond firm LCF
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Accounting giants PwC and EY fined for audits of failed minibond firm LCF

Accounting giants PwC and EY fined for audits of failed minibond firm LCF
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Three firms fined, sanctioned over LCF audits

The Financial Reporting Council (FRC) imposed sanctions on three audit firms on Tuesday, following an investigation into their audits of London Capital & Finance (LCF).

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