Grant Thornton fined £1.9m for ethical standards fail

ACCOUNTANCY giant Grant Thornton has been fined £1.95million for failures during its audit of collapsed Bargain Booze owner Conviviality.

The Financial Reporting Council said the firm had admitted breaching ‘very important’ ethical standards and requirements between 2014 and 2017.

The watchdog reduced an initial £3million fine after Grant Thornton complied with the inquiry and agreed to measures to improve the quality of future audits.