AuditorRecord

Regulators

Financial Reporting Council: actions against audit firms

DateFirmRegulatorAudited entitySanctionAmount
7 October 2026Deloitte LLPFinancial Reporting CouncilGo-Ahead Group plc (FY2016 to FY2020 audits)Fine£11,000,000, reduced to £6,050,000
28 July 2026Ernst & Young LLPFinancial Reporting CouncilMade.com Group plc (FY2021 audit)Fine£1,197,000, adjusted from £1,800,000
16 July 2026PricewaterhouseCoopers LLPFinancial Reporting CouncilBabcock International Group plc (FY2019 and FY2020 audits)Fine£3,248,437
10 April 2025Ernst & Young LLPFinancial Reporting CouncilThomas Cook Group plc (FY2017 and FY2018 audits)Fine£6,500,000
25 March 2025PricewaterhouseCoopers LLPFinancial Reporting CouncilWyelands Bank plc (FY2019 audit)Fine£4,500,000 before discounts
7 May 2024Ernst & Young LLPFinancial Reporting CouncilLondon Capital & Finance plc (year to 30 April 2017 audit)Fine£7,000,000
7 May 2024PricewaterhouseCoopers LLPFinancial Reporting CouncilLondon Capital & Finance plc (year to 30 April 2016 audit)Fine£7,000,000
12 October 2023KPMG LLP and KPMG Audit PlcFinancial Reporting CouncilCarillion plcFine£18,550,000
8 August 2022PricewaterhouseCoopers LLPFinancial Reporting CouncilBT Group plc (FY2017 audit)Fine£2,500,000, reduced to £1,750,000
25 July 2022KPMG LLPFinancial Reporting CouncilRegenersis plc and Carillion plc (information given to FRC inspectors)Fine£20 million
18 July 2022Grant Thornton UK LLPFinancial Reporting CouncilSports Direct International plc, now Frasers Group plc (2016 and 2018 audits)Fine£1,130,500
24 May 2022KPMG Audit plcFinancial Reporting CouncilRolls-Royce Group plc (FY2010 audit)Fine£4.5 million, reduced to £3,375,000
21 April 2022Deloitte LLPFinancial Reporting CouncilMitie Group plc (FY2016 audit)Fine£2 million, reduced to £1,450,000
1 November 2021Grant Thornton UK LLPFinancial Reporting CouncilInterserve plc (2015 to 2017 audits)Fine£1.3 million, reduced to £718,250
27 September 2021Grant Thornton UK LLPFinancial Reporting CouncilPatisserie Holdings plc (FY2015 to FY2017 audits)Fine£4 million
8 May 2019KPMG Audit PlcFinancial Reporting CouncilThe Co-operative Bank plc (FY2009 audit)Fine£5 million
12 June 2018PricewaterhouseCoopers LLPFinancial Reporting CouncilBHS and Taveta Group (2014 audits)Fine£10 million