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Record fine for Deloitte and audit partner over Aero misconduct

Deloitte has been fined a record £4m and its partner John Clennett has been fined £150,000 for misconduct regarding Aero Inventory.

Record fine for Deloitte and audit partner over Aero misconduct
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The Financial Reporting Council (FRC) has meted out severe reprimands to both parties, and ordered Deloitte to pay a further £2.275m for costs of proceedings.

Read the full story at Accountancy Age.

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