Taylor Wessing leads as PwC receives record £6.5m fine for BHS audit misconduct

PwC receives severe reprimand after admitting misconduct in 2014 audit of now-collapsed department store

Taylor Wessing has taken a lead role for PwC on its £6.5m fine from the Financial Reporting Council (FRC) for failures in the auditing of collapsed department store BHS.

The fine – which relates to the 2014 audits of BHS and the Taveta Group, the parent company of Sir Philip Green’s Arcadia Group – comes after an investigation that began in June 2016.

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