Accountancy firm hit with £3m fine and severe reprimand after admitting to misconduct

GT fined
Accountancy firm Grant Thornton has been hit with a fine of £3m after admitting misconduct in relation to audits carried out for Salford University and Vimto maker Nichols. The Financial Reporting Council (FRC) has also announced that Eric Healey, a former senior partner at the firm, has been fined £150,000 and banned from ICAEW for five years. The FRC has also severely reprimanded Grant Thornton and three senior statutory auditors, Kevin Engel, David Barnes and Joanne Kearns. The reprimands come after the auditors admitted... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...