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Evening Standard
Evening Standard
Business
Simon English

PwC whacked with £5m in fines over botched audits

PwC Kier Carillion

Construction firm Galliford Try is able to operate normally during the second national lockdown

(Picture: Galliford Try press image)

PwC has been hit with fines totalling £5 million for duff audits of Galliford Try and Kier Group, the latest blow to a scandal-torn sector.

The Financial Reporting Council found failings in the audit giant’s treatment of long-term contracts.

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