The Financial Reporting Council (FRC), the United Kingdom’s corporate governance regulator, announced Wednesday it has commenced three investigations into the audits of investment firm London Capital & Finance.

The investigations relate to the one-month period ended April 30, 2015, carried out by Oliver Clive & Co.; the year ended April 30, 2016, carried out by PwC; and the year ended April 30, 2017, carried out by EY. The investigations will be conducted by the FRC’s Enforcement Division under the Audit Enforcement Procedure.

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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,...