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FRC imposes sanctions against Grant Thornton UK LLP and Philip Westerman

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Published on: 18 July 2022

Published by LNB News

LNB News 18/07/2022

Document Information

Issue Date: 18 July 2022

Published Date: 18 July 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure, imposing sanctions regarding the statutory audits of the financial statements of Sports Direct International plc. The sanctions have been imposed against Grant Thornton UK LLP and Philip Westerman, formerly a partner of Grant Thornton UK LLP, in relation to their statutory audits of the financial statements of Sports Direct International plc for FY2016 and FY2018.

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