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FRC fines Crowe UK £144,000 for audit failures

The Committee found failures in the reviewed audit of Aseana Properties Limited, which it considered had been unsatisfactory and, overall, ‘a poor-quality audit’

The FRC’s Enforcement Committee has fined Crowe UK LLP £144,000 after concluding it failed to comply with regulatory framework for its audit of Aseana Properties Limited’s financial statements for the year ended 31 December 2019.

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