FRC issued £16.7m worth of financial sanctions, report finds

The research found that the council opened 16 investigations into auditors, accountants and/or actuaries compared with the 14 made last year


The Financial Reporting Council (FRC) reportedly issued £16.7m worth of financial sanctions this year, increasing from the £16.4m made in 2019/20, according to the latest analysis by Thomson Reuters on the FRC Annual Enforcement Report.

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