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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 hit with �2.3m fine over audit failures  Insider Media
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.
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.
Former AssetCo directors rapped over financial conduct
The former bosses of beleaguered firm AssetCo have been disciplined by the accounting regulator over their financial conduct.
FRC to investigate AssetCo's former finance chiefs  CCH Daily inc Accountancy Live (subscription) (blog)
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.
Fire engine firm AssetCo restates 2010 results
(Reuters) - 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.
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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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.
Why AssetCo plc's (AIM:ASTO) ROE Of 17.1% Does Not Tell The Whole Story
AssetCo plc (AIM:ASTO) delivered 17.1% ROE over the past year, compared to 37.03% generated by its industry. An investor will typically attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing ...