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FRC stings EY for more than £5 million in fines

Summary by consultancy.uk
Two separate cases have seen EY’s UK wing rack up fines in excess of £5 million. Within the space of a week, the Financial Reporting Council sanctioned the Big Four firm for its auditing role at collapsed airline Thomas Cooke, and for breeching term limits in its work with Stirling Water Seafield Finance.
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consultancy.uk broke the news in on Thursday, April 17, 2025.
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