Sumer Group’s HW Fisher sanctioned over GFG Alliance audit lapses

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Sumer Group’s HW Fisher sanctioned over GFG Alliance audit lapses

The watchdog has fined a Sumer Group entity and one of its partners £200,000 for serious professional failures during an audit of Liberty Commodities, a group within metals tycoon Sanjeev Gupta’s GFG Alliance. The Financial Reporting Council (FRC) said Sumer Group’s HW Fisher and lead auditor Simon Mott-Cowan showed a pervasive lack of “professional scepticism” [...]