EY fined and reprimanded for work on the audit of tech company.
Audit firm EY has been fined £1.8m after admitting "misconduct" on the audit of a tech company in 2012.
Tech Data, formerly known as Computer 2000 in the UK, was forced to restate its accounts in 2013 blaming accounting practices in the UK.
The restatement cut $30m (£22.8m) from Tech Data's consolidated operating income for the three year period.
The Financial Reporting Council, the disciplinary body for auditors, said that EY and Julian Gray, the engagement partner on the audit, had been fined for misconduct.
The FRC said: "EY and Mr Gray, a member of the Institute of Chartered Accountants in England and Wales (ICAEW), have adm
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