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

The increase in the number of fines has been driven by an uptick in fines levied against the Big Four accountancy firms from 14 in 2021/22 to 19 in 2022/23

The value of fines issued by the FRC against auditors has risen by 29% in the past year, from £21m to £27m ended 31 August, according to new research by Thomson Reuters

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