EY fined £3.5m over Stagecoach audit failings

Auditing failings cover its pension scheme, a rail franchise deal, and insurance provisions

Holly Roach
clock • 2 min read
Audit engagement partner Mark Harvey has also been sanctioned
Image:

Audit engagement partner Mark Harvey has also been sanctioned

EY has been fined £3.5m by the Financial Reporting Council (FRC) for failures over its audit of transport company Stagecoach.

The global auditor was also handed a "severe reprimand" over problems when auditing Stagecoach's defined benefit (DB) scheme obligations. The firm's audit engagement partner Mark Harvey has also...

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Holly Roach
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Holly Roach

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