Accounting Standards

FCA imposes censure on NMC Health over audit failings

The FCA secured material which ‘made clear that the picture it presented to the market was inaccurate’


The FCA has imposed a censure on UAE-based NMC Health after it was found to have been operating dual sets of accounting records, which have misled investors by underplaying its debt of as much as $4bn (£3.2bn).

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