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UK Accounting Watchdog Ramps Up Fines

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Scrutiny of the FRC ramped up earlier this year, following a government probe into the collapse of contractor Carillion. The watchdog and the nation’s pensions regulator were “united in their feebleness and timidity,” a U.K. Meanwhile, other lawmakers have called on the FTC and the U.K.’s Michael Izza, head of the U.K.