Deloitte fined £900,000 by watchdog over SIG audit failures

Financial sanctions relate to audit of building materials firm's statements for years 2015 and 2016

Deloitte has been fined more than 900,000 by the accounting watchdog after failures in its audit of the building materials firm SIG.

The Financial Reporting Council (FRC) also handed a fine of 36,250 to Simon Manning, who was the audit engagement partner working on the account.