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Birmingham Post

Business

Henry Saker-Clark, PA Deputy Business Editor

Sports Direct audit failings: Grant Thornton fined £1.3m

Grant Thornton Sports Direct FRC Frasers Group

Grant Thornton has been fined £1.3m over “serious failings” in its audit of Sports Direct, a watchdog has announced.

The Financial Reporting Council (FRC) said the fines relate to accounts for Sports Direct International, now Frasers Group, in 2016 and 2018.

The FRC also sanctioned Philip Westerman, the partner in charge of the audit at the time, with an almost £80,000 fine.

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