FRC fines Baker Tilly £750,000 over Tanfield audit

The FRC has fined Baker Tilly UK Audit LLP £750,000 and its partners Richard King and Steven Railton £30,000 and £35,000 respectively, following an investigation in relation to the audit of the financial statements of Tanfield Group plc and two of its subsidiaries for the year ended 31 December 2007.