Audit
FRC fines Grant Thornton £40k over pension fund audit failure
The committee found failures in the reviewed audit, which it considers represented ‘a significant departure from the standards expected of a registered auditor’
The FRC’s enforcement committee has sanctioned Grant Thornton £40k after it was found that the firm failed to comply with the regulatory framework for auditing in its audit of a local authority’s pension fund for the year to 31 March 2021.
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