HW Fisher sanctioned over GFG Alliance audit lapses

Key facts

• HW Fisher was sanctioned by the UK's audit watchdog.
• The sanctions relate to audit lapses concerning GFG Alliance's Liberty Commodities.
• The watchdog also sanctioned a Sumer Group entity and one of its partners.

The UK's audit watchdog has sanctioned HW Fisher, a private equity-backed entity, and one of its partners. The sanctions are related to audit lapses concerning GFG Alliance's Liberty Commodities. Global Banking & Finance Review reported that an auditor for GFG Alliance's Liberty Commodities was fined £140,000 by the UK watchdog.