Accounting Standards

Value of fines issued by the FRC up 29% in the past year

The regulator has also more than doubled the size of its enforcement team from just 31 in 2020 to 64 in 2022


The value of fines issued by the Financial Reporting Council (FRC) against auditors has risen by 29% in the past year, from £21m to £27m (year-end August 31, 2023), according to new research by Thomson Reuters.

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