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PwC fined £2.5m over BT fraud audit failures
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fnlondon.comPwC has been fined £2.5m by the audit watchdog for its failures following the discovery of a massive fraud in telecom company BT’s Italian unit in 2016.
BT uncovered a fraud in its Italian business in 2016, which forced it to issue adjustments of £513m in its 2017 financial statements.
The Financial Reporting Council found that PwC failed...
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