PwC fined for Babcock audit failings including creating false record

UK regulator says breaches found in ‘every area’ looked at in relation to audit of engineering firm’s accountsThe consultancy group PwC has been hit with a £7.5m fine over a string of serious breaches while auditing the engineering company Babcock’s accounts, including creating a false record of documents reviewed for a sensitive government contract.The accounting regulator, the Financial Reporting Council, said breaches were found in “every area” it had