Babcock International Group

PwC has been fined more than £3.2 million after the Financial Reporting Council (FRC) found serious failings in its audits of defence contractor Babcock International Group.

Warship builder Babcock International has recruited 300 welders from the Philippines to fill major skills gaps at its Rosyth shipyard in Fife, a move that has reignited debate over Scotland’s industrial training and energy policies.

Aerospace, defence and nuclear engineering firm Babcock International Group has announced it is set to generate over 1,000 new jobs at its advanced manufacturing and shipbuilding facility in Rosyth.

The Financial Reporting Council (FRC) has fined PwC and two of the firm's former partners nearly £8 million due to failures in the audits of Babcock International's accounts. The fines are in relation to the audits of Babcock's accounts ending in the financial years 31 March 2017 and 31 March

The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PwC of the consolidated financial statements of Babcock International Group plc for the years ended 31 March 2019 and 2020. The FRC has extended its original investigation, which intended to analyse aud