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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’

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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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