Watchdog hits accountancy firm with £825,000 fine
Accountancy watchdog the Financial Reporting Council (FRC) has fined Moore Stephens successor firm MSR Partners for failings in its audit of Laura Ashley.
MSR Partners is a successor business of Moore Stephens - which merged with BDO in February. The FRC fined MSR Partners £825,000 - reduced to £455,813 - and published a severe reprimand and said that the 2016 audit reported signed on behalf of Moore Stephens did not satisfy relevant requirements.
Read more at City AM.