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===Connaught plc=== [[Connaught plc]], a UK former [[FTSE 250 Index]] outsourcing company operating in property maintenance for the social housing and public sector, was put into administration in 2010 after reporting material losses. In 2017, the Financial Reporting Council (FRC) severely reprimanded PwC and its audit partner following an investigation of their conduct in respect of the 2009 audit of Connaught. PwC was fined a record Β£5 million plus costs.<ref>{{cite web|date=11 May 2017|title=PwC fined Β£5m over Connaught audit|url=https://www.bbc.co.uk/news/business-39881001|access-date=13 May 2017|publisher=BBC|archive-date=26 April 2019|archive-url=https://web.archive.org/web/20190426220253/https://www.bbc.co.uk/news/business-39881001|url-status=live}}</ref>
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