EY and audit partner fined £1.25m over Made.com failings

EY and one of its audit partners have been fined a combined £1.25m following failings in their audit of collapsed online furniture retailer Made.com.
The Financial Reporting Council imposed a £1.197m financial sanction on EY and fined audit engagement partner Julie Carlyle £49,000 over their work on Made.com’s accounts for the year ending 31 December 2021.
Both EY and Carlyle admitted breaching international auditing standards in two areas: Made.com’s status as a go