The Financial Reporting Council, the U.K.’s accounting watchdog, announced Tuesday the launch of investigations into Big Four firms KPMG and PwC concerning the audits of U.K. logistics company Eddie Stobart Logistics.

The FRC said it has commenced the investigations into the audits of Eddie Stobart Logistics for the year ended Nov. 30, 2017, regarding the KPMG audit, and for the year ended Nov. 30, 2018, regarding the PwC audit. The investigations will be conducted by the FRC’s 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,...