What can be learnt from the FRC’s latest sanctions against Grant Thornton?
The FRC has fined Grant Thornton £4m (discounted for admissions and early disposal to £2.34m) in relation to the “serious lack of competence
Lucy Isaac's Passles
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A cultural reset for trial witness evidence in (most of) the Business and Property Courts of England and Wales
In recent years, judicial criticism of ‘over-lawyered’ witness statements in the Business and Property Courts (BPCs) has been growing...
High Court decides auditors – not audit clients – are to assess whether documents are privileged and can be withheld from the FRC
An auditor producing documents to the Financial Reporting Council (the FRC) must make its own assessment of whether those documents are...
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