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Thornton hit with £700,000 fine for Interserve audit
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The Financial Reporting Council has slapped Grant Thornton and one of its partners with fines amounting to more than £700,000 in total for the audits of construction company Interserve.
“This is a proportionate package of sanctions in respect of failings over three consecutive audit years,” said Claudia Mortimore, deputy executive counsel to the FRC, in a 1 November statement alongside the regulator’s final decision notice.
The...
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