Former ESL auditors fined over accounting failings

Accounting firms KPMG and PwC have been fined over their audits of Eddie Stobart Logistics (ESL) for “not satisfying the relevant requirements”. UK accounting regulator, the Financial Reporting Council (FRC), said there were “numerous, serious and pervasive failings” in PwC’s 2018 audit of ESL and “some serious failings” in KPMG’s 2017 audit. PwC was fined […]