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Audit Regulator Told To Explain £6.5M PwC Misconduct Fine

Law360, London (June 14, 2018, 1:22 PM BST) -- A U.K. parliamentary committee is pressing the national accountancy regulator for more information about the misconduct it found at PricewaterhouseCoopers after it punished the auditing giant with a record fine of £6.5 million ($8.7 million) this week.

Politicians want more information from the Financial Reporting Council after it hit PwC with a record fine and a reprimand for misconduct. (AP) The Work and Pensions Committee also want the Financial Reporting Council to confirm whether it will open a wider investigation after it issued a “severe reprimand” to PwC...
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