WebJul 18, 2024 · The regulator said Grant Thornton failed to use “professional scepticism” to recognise that the delivery company was a related party. The FRC said it had planned to fine Grant Thornton £2.05 million for the failings, but reduced this to around £1.3 million after early admission to errors by the company. WebNov 1, 2024 · Grant Thornton was fined four million pounds by the FRC in September over its audit of Patisserie Valerie, a British cafe chain that collapsed in 2024. read more ($1 = …

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WebAug 29, 2024 · The Financial Reporting Council (“the FRC”) has fined and reprimanded Grant Thornton UK LLP (“Grant Thornton”) and three senior statutory auditors (Mr Kevin Engel, Mr David Barnes and Ms Joanne Kearns) following their admissions of Misconduct in relation to the audits of the financial statements of Nichols Plc (“Nichols”) and the … WebJul 8, 2024 · Audit firm Grant Thornton has been slapped with a £1.95m fine for ethical failures that involved attempts to conceal evidence of involvement in the audit of the now … teo cheng yu book

Patisserie Valerie auditors fined £2.3m over ‘serious lack of ...

WebSep 5, 2024 · The firm’s audits of both Nichols Plc and the University of Salford have been flagged and the watchdog has severely reprimanded and fined the member firm. These allegations focus on the financial years ending in 2010—2013. Grant Thornton has been fined £4m; discounted because of a settlement to £3m. Three of Grant Thornton’s … WebDec 10, 2024 · Grant Thornton fined £650,000 by FRC over inadequate audit on twitter (opens in a new window) ... Grant Thornton’s fine was … WebNov 1, 2024 · 01 November 2024. The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and … teo chair