EY, PwC fined by audit regulator over London Capital & Finance work
EY and PwC have both been fined £7m over significant failings in their audits of the now-collapse mini-bond firm London Capital & Finance.
LCF sold high-risk, unregulated investments to retail investors, and owed £237m to some 11,500 bondholders by the time it went into administration in 2019.
Source: FN