Accounting watchdog hits PwC with £5m fine over Galliford Try and Kier audit failures

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Probe centred on three sets of annual accounts filed by pair

The Financial Reporting Council has fined PwC and one of its former partners nearly £5m for breaches in its audit of three sets of accounts filed by Galliford Try and Kier.

The penalties handed out by the financial watchdog relate to Galliford Try’s 2018 and 2019 accounts and Kier’s 2017 accounts.

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