Accounting Watchdog Fines PwC and KPMG for Audit Failings in Eddie Stobart Logistics
In a recent announcement, the Financial Reporting Council (FRC), Britain’s accounting watchdog, revealed that it had fined two of the world’s leading auditors, PwC and KPMG, for serious lapses in their auditing of Eddie Stobart Logistics (ESL) company during the years 2017 and 2018.