Accounting firm PwC has been fined a record £5m and severely reprimanded over its auditing of collapsed property services group Connaught by The Financial Reporting Council (FRC).
Social housing specialist Connaught had £220m of debt when it went bust in 2010.
The FRC found evidence of misconduct by PwC and retired partner Stephen Harrison.
Mr Harrison was fined £150,000 and also reprimanded.
PwC was also ordered to pay the FRC’s legal costs and make an interim payment of £1.5m.
Contractual dispute solicitors Oldham
Suffering a financial or contractual dispute can have serious implications on your business. Our professional negligence solicitors will quickly and efficiently put your case together and act on your behalf to negotiate a settlement, arrange mediation or represent you in court. We can advise you on the appropriate course of action and assist with any legal documents or proceedings that may occur.
Call Shalish Mehta in our civil and commercial litigation department on 0161 785 3534 or email sm@wrigleyclaydon.com.
Author: Shalish Mehta
http://www.wrigleyclaydon.com/ Shalish is an experienced dispute resolution solicitor who joined the firm in 2002 ago upon qualifying as a solicitor and provides a proactive approach whilst retaining the personal touch
to help you achieve the best possible outcome for your case. He acts on behalf of both private individuals and commercial clients. He can assist and advise at any stage of a dispute including mediation through to court action and injunctions.
Shalish is a keen sportsman, regularly playing cricket and five-a-side football and also watching live sport. He enjoys city breaks and takes great pleasure in sampling different cuisines from around the world.
Shalish is fluent in Gujarati and will happily represent those for whom Guajarati is the first language, in English. He is also happy to offer his services as a translator to our clients as necessary.
What clients say about Shalish:
“We feel the service was perfect and found our solicitor, Shalish Mehta, very professional and helpful in all aspects”
