Grant Thornton fined £1.3m for ‘serious failings’ in Sports Direct audits
by Mark Sweney from World news | The Guardian on (#61H77)
Financial Reporting Council penalises auditor and former partner at firm over work in 2016 and 2018
Grant Thornton has been fined 1.3m for serious failings" in basic auditing of the sportswear retailer Sports Direct, the UK accounting regulator said on Monday.
The findings relate to Grant Thornton's audits of Sports Direct International (SDI), now called Frasers Group, in 2016 and 2018 and the work of Philip Westerman, the partner in charge of the audits.
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