The financial watchdog has handed PwC and one of its employees fines of around £5m for the auditing of two construction companies.
The Financial Reporting Council (FRC) said on Tuesday, June 7, that PwC and audit engagement partner Jonathan Hook would also face "severe reprimands".
The fines are linked to the audit of Kier Group’s financial results for the year ending June 2017 and Galliford Try’s results ending June 2019.