PwC were severely reprimanded and fined 5m for misconduct in relation to the 2009 audit of Connaught

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PwC were severely reprimanded and fined £5m for misconduct in relation to the 2009 audit of Connaught plc, a FTSE 250 company which went into administration in 2010. What is the FRC’s role in relation to enforcement matters? 

Findings of misconduct were found in relation to which areas of the audit?

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http://www.frc.org.uk/may-2017/connaught-tribunal-case-report-published

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Related Book For  answer-question

Financial Accounting And Reporting

ISBN: 9781292255996

19th Edition

Authors: Barry Elliott, Jamie Elliott

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