The Financial Reporting Council (FRC) announced Friday it has commenced an investigation into Deloitte over its audit work of U.K. car dealership chain Lookers.

The FRC said it is investigating the financial statements of Lookers for the years ended 2017 and 2018.

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,...