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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Accounting watchdog fines PwC over audits of defence firm Babcock

Babcock PwC FRC

Big four auditing firm PwC has been fined £5.62 million by the Financial Reporting Council (FRC) after the regulator identified “numerous, serious breaches” in its audit of the 2017 and 2018 accounts of the defence group Babcock.

Two former audit partners were also sanctioned.

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