Deloitte fined $7.98 million over audits of transport operator Go-Ahead Group
International accounting firm Deloitte faced a fine of £6.05 million for auditing Go-Ahead Group. The penalty was initially set at £11 million but was reduced due to Deloitte's cooperation. The audits in question spanned financial years between 20...
By ET Online |
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Deloitte was fined £6.05 million by the UK's Financial Reporting Council over auditing failures for Go-Ahead Group, discounted from £11 million following cooperation and admitted shortcomings. (Representative Image)
International accounting company Deloitte was fined £6.05 million ($7.98 million) over its audits of multi-national transport operator Go-Ahead Group for the financial years between 2016 and 2020. Further, the penalty on the firm has been reduced from £11 million in recognition of the firm’s "exceptional cooperation" and admissions, Britain’s Financial Reporting Council (FRC) reported on Thursday.
(With inputs from Reuters)
(With inputs from Reuters)
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