FRC, an independent British regulator for auditors, accountants and actuaries, said it has fined PwC 4.55 million pounds (about $5.77 million) and gave the firm a severe reprimand.
Meanwhile, the firm's two partners, Jaskamal Sarai and Arif Ahmad, were fined 140,000 pounds (roughly $177,700) respectively, as well as received a severe reprimand.
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