Accountants auditing JP Morgan fined £1.4m

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Source: BBC

PricewaterhouseCoopers was fined £1.4m by the AADB for audit of the JP Morgan bank. JP Morgan was fined £33.3m in 2010 as the company failed to protect money of the clients by adding them to its own. The PwC was fined for not spotting this practice conducted by the bank between 2002 and 2008.

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