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Deloitte Fined Record $19 Million Over Autonomy Audit Scandal

Sept. 17, 2020, 10:42 AM

Deloitte LLP was fined a record 15 million pounds ($19 million) over the audit of Autonomy Corp. which was ensnared in one of the U.K.’s biggest accounting scandals a decade ago.

The Financial Reporting Council, the U.K. audit regulator, also fined two former Deloitte partners, after a tribunal found they failed to act with “competence and due care.” Deloitte also has to pay costs of 5.6 million pounds.

The so-called Big Four accounting firms are facing the most scrutiny since the collapse of Enron Corp. two decades ago after the failure of a handful of U.K. companies including Carillion Plc ...