EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For Chumps
Going Concern
JULY 3, 2025
In another failure to rotate case, EY was fined £500,000 by the Financial Reporting Council in April for exceeding the maximum ten year engagement period for audits of a Public Interest Entity (PIE) without renewal via a qualifying public tender on another client, Stirling Water Seafield Finance.
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