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U.K. Regulator Fines Deloitte £6.5 Million Over Audit Misconduct

by Muhereza Kyamutetera 0
A Deloitte logo is pictured on a sign outside the company's offices in London on September 25, 2017. Deloitte said Monday that "very few" of the accounting and consultancy firm's clients were affected by a hack after a news report said systems of blue-chip clients had been breached. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
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The Financial Reporting Council, Britain’s regulator for accounting and audit, on Thursday, July 4th 2019, penalized and reprimanded Deloitte LLP, the global auditing giant, and one of its partners for shortfalls in its audits of a subsidiary of a U.K outsourcing firm, Serco Group PLC. Deloitte was charged £6.5 million ($8.2 million) in addition to a “severe” reprimand. The fine was how

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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