THE accountancy regulator has fined
Back in 2019, the Big Four firm resigned as the ad giant's auditor amid an accounting scandal which saw the company set aside £6.4m after it had spotted an error in its accounts.
The business had also overstated its profits by £14m over a number of years.
It was revealed that the FRC has issued a final settlement decision notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against
The firm also has been issued with non-financial sanctions consisting of a published statement in the form of a severe reprimand and declaration that the audit report signed on behalf of
Wilcox himself was issued a financial sanction of £75,000, discounted for admissions and early disposal to £48,750.
£1.46M
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