
The Financial Reporting Council (FRC) had fined auditor PricewaterhouseCoopers (PwC) £1.75m and audit partner Richard Hughes after it failed to properly challenge UK telecoms group BT once a £513m fraud was discovered in BT’s Italian operations.
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The Financial Reporting Council (FRC) had fined auditor PricewaterhouseCoopers (PwC) £1.75m and audit partner Richard Hughes after it failed to properly challenge UK telecoms group BT once a £513m fraud was discovered in BT’s Italian operations.