PwC and two partners fined more than £4.5m for ‘numerous’ audit breaches of Harrogate firm

PwC and two of its audit partners have been fined more than £4.5m for 'numerous' accounting breaches relating to the audits of Harrogate-headquartered managed IT services firm Redcentric.

The Financial Reporting Council (FRC) has this morning issued a Final Decision Notice and imposed a £4.5m fine on PwC and a £140,000 fine each on audit partners Jaskamal Sarai and Arif Ahmad. The breaches relate to the auditing of Redcentric's accounts for the financial years ending 31 March 2015 and 31 March 2016.

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