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British regulator fines PwC 4.5 mln pounds over audit breaches

Contributed by NAMPA / Xinhua.

LONDON, June 13 (Xinhua) -- Britain's Financial Reporting Council (FRC) announced on Thursday that it has imposed sanctions against PwC, one of the world's well-known accounting companies, and its two partners over audit breaches in the financial years ending March 31, 2015 and March 31, 2016.
FRC, an independent British regulator for auditors, accountants and actuaries, said it has fined PwC 4.55 million pounds (about 5.77 million U.S. dollars) and gave the firm a severe reprimand.
Meanwhile, t ...



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