Daily Record

PwC Fined $8.9m For ‘Serious Breaches’ On Babcock Audits

Britain’s auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC (PriceWaterhouseCoopers) for “serious breaches” found in audits of engineer Babcock International (BAB.L), Reuters said on Wednesday, quoting the regulator. The Financial Reporting Council (FRC) said the penalties related to failings on audits of Babcock’s accounts up …

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