PWC

'Fine PwC for failed audit,' says watchdog

The UK’s accountancy watchdog has proposed PwC be fined £6m for failings in its audit of collapsed social housing maintenance company Connaught.

By James Evison | 22 March 2017

The UK's accountancy watchdog has proposed PwC be fined £6m for failings in its audit of collapsed social housing maintenance company Connaught.

PwC claims it was misled by Connaught's management and called for a £2m to 2.5m penalty, and a £50,000 fine for the PwC partner overseeing the audit, Stephen Harrison.

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Popular articles by James Evison

  1. AWM is top bidder for £14m waste deal
  2. GIB sale 'won't affect investment landscape'
  3. MacDonald commits to £6m Lambeth scheme
  4. Inflexible funding may scupper apprenticeship levy
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