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Grant Thornton fined �2.3m over audits of troubled fire engine firm AssetCo
“Given the FRC's ongoing proceedings against three former executives of AssetCo plc, in which the FRC alleges, amongst other things, that they acted dishonestly or recklessly, we are unable to comment further.
FRC fines Grant Thornton �2.3m over AssetCo audit failures  CCH Daily inc Accountancy Live (subscription) (blog)
Grant Thornton fined 2.3 million pounds over AssetCo audits  Reuters UK
AssetCo sells UK fire engine fleet to equity firm for �2
Since last September, shares in AssetCo have gone from 1.61p a share, to 250p a share. Yesterday, shares in the fire-truck leasing company closed up 9.7pc at 271.5p on the back of its announcement.
Lincolnshire fire service AssetCo contract 'ended'
But the parent company AssetCo Plc has struggled with financial problems and in September last year needed to raise �14m in a refinancing deal together with agreeing a write down of debt with banks.
FRC probes former AssetCo executives
The complaint relates to the preparation and approval of AssetCo plc's financial statements for the financial years ended 31 March 2009 and 31 March 2010.
FRC to investigate AssetCo's former finance chiefs
The complaint relates to the preparation and approval of AssetCo plc's financial statements for the financial years ended 31 March 2009 and 31 March 2010.
Former AssetCo directors rapped over financial conduct  Telegraph.co.uk
Grant Thornton fined �2.27m by FRC over AssetCo audit misconduct
The mid-tier firm and its retired partner Robert Napper admitted that their failures during their audit work of the AIM company between March 2009 and 2010 resulted from a lack of professional competence and due care in the performance of the audits.
FRC to probe Grant Thornton's AssetCo audit work
THE FRC is to probe Grant Thornton's audit of AssetCo's accounts for the three years to 2010. The investigation comes as the Grant Thornton faces a �50.8m legal claim from the AIM-listed company, which previously provided and maintained London and ...
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Fire engine firm AssetCo restates 2010 results
AssetCo Plc, the owner of London's fire engines, said it had restated its accounts for 2010 after the company discovered "significant" overstatement of profits and assets.
Trio facing censure for their role in fire engine firm's market collapse
The FRC alleges the trio “acted dishonestly or recklessly” and “breached the fundamental principles of integrity and objectivity” in relation to the preparation and approval of AssetCo plc's financial statements for the trading years ended March 2009 ...
Where did it all go wrong, asks firm's axed workforce
UV Modular, a subsidiary of AssetCo plc, an integrated support services business based in Middlesex, was created in 2002 from the ashes of UVG which had gone into administration.