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Business · 15 hours ago

What Deloitte's £6.05 million fine means for accountability

What Deloitte's £6.05 million fine means for accountability

Photo by Dominik Gryzbon on Pexels

The Financial Reporting Council, the UK's audit regulator, fined Deloitte for failing to challenge Go-Ahead Group's wrongful retention of public money. Deloitte's audit failures concerned more than £30 million owed to the Department for Transport by two rail subsidiaries. The company was also issued a severe reprimand and must provide a report detailing reasons for its audit shortcomings.

Reported by grcreport.com · How we write briefs

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