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Vincent is the editor of International Accounting Bulletin and The Accountant. You can reach him at

Deloitte fined £14m for MG Rover advisory work

The Financial Reporting Council (FRC) tribunal has fined Deloitte UK £14m and its former partner, Maghsoud Einollahi, £250,000 for failing to manage conflicts of interest in its advice to British carmaker MG Rover Group regarding its collapse in 2005.