Brief

"On March 25, 2025, the Financial Reporting Council (FRC) issued an update regarding Sanctions against PricewaterhouseCoopers LLP and Jonathan Hinchliffe. The sanctions include a £2,885,625 financial penalty for PwC, a Severe Reprimand, and declarations that the FY2019 Audit report did not satisfy the Relevant Requirements, as well as similar penalties for Mr Hinchliffe."

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Financial Reporting Council (FRC)

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