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UK Accounting Watchdog Ramps Up Fines

PYMNTS

The newly aggressive tactics suggest the FRC took note of criticism by policymakers that the regulator was ineffective and “toothless” to address substandard auditing by the nation’s Big Four auditors: KPMG, PwC, Ernst & Young and Deloitte. Meanwhile, other lawmakers have called on the FTC and the U.K.’s