The U.K. Financial Reporting Council (FRC) on Wednesday announced it has begun an investigation into Mazars concerning its audit of financially ailing retail company French Connection Group, which has just been sold.

The probe focuses on Mazars’ audit of French Connection’s consolidated financial statements for the fiscal year ended January 2020. The FRC did not provide any further details about its investigation, which is being conducted by its Enforcement Division.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...