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Mazars fined £314,000 for poor audit of local government group
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Challenger audit firm Mazars was fined £314,000 by the Financial Reporting Council for its audit of a local government authority’s 2019 financial statements.
The regulator said Mazars failed to comply with standards in its work and issued the proposed sanction, which can be reduced to £250,000 for co-operation and admissions. Mazars accepted the penalty.
The...
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