EY Fined £2.2M Over Railway Pension Audit Failings

By Lucia Osborne-Crowley (August 25, 2021, 11:22 AM BST) -- Britain's accounting watchdog said Wednesday that it has hit Ernst & Young with a £2.2 million ($3 million) penalty and fined one of its partners over serious failures in the auditing giant's oversight of railway operator Stagecoach.

The auditing giant and a partner are being hit with a "severe reprimand" and fines after they inadequately evaluated the books of one of the country's biggest rail operators companies. (Photo by Gary Hershorn/Getty Images) EY and its partner Mark Harvey are each being slapped with a "severe reprimand" as well as fines after they inadequately evaluated the books of Stagecoach Group PLC, one...

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