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.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login