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FRC fines PwC over audit of Wyelands
Mint Hyderabad
|March 26, 2025
UK watchdog fined PricewaterhouseCoopers LLP (PwC) and one of its accountants over their flawed audit of Sanjeev Gupta's Wyelands Bank following the collapse of the trade finance specialist Greensill Capital.
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The Financial Reporting Council (FRC) hit PwC with a £2.9 million ($3.8 million) penalty and Jonathan Hinchliffe £33,412, the regulator said on Tuesday. PwC and Hinchliffe adm
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