Penalty of more than £2.2m imposed after firm did not properly challenge transport group’s bosses
EY has been fined more than £2.2m by the UK accountancy watchdog for failing to properly challenge Stagecoach bosses when auditing their accounts for 2017.
The Financial Reporting Council (FRC) has also sanctioned Mark Harvey, EY’s auditing engagement partner, fining him £100,000 for his role reviewing Stagecoach’s financial statements.