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EY Hit With £1.2m Fine Over Made.com Accounting Failures
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Subscribe28 JUL 2026 / ACCOUNTING & TAXES
EY and its audit partner, Julie Carlyle, have been fined £1.197 million and £49,000 respectively by the UK Financial Reporting Council (FRC) over failures in their audit of Made.com in 2021. Despite EY reporting $53.2 billion global revenue for fiscal 2025, these shortcomings in judgment-heavy areas such as going concern and a deferred tax asset highlight the importance of rigorous auditing and also shed light on the collapse of Made.com, a company once considered a pandemic retail winner.
EY reported US$53.2 billion in global revenue for fiscal 2025, including US$17.9 billion from Assurance. On July 28, 2026, the UK Financial Reporting Council fined the firm £1.197 million and audit partner Julie Carlyle £49,000 over failures in Made.com’s...
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