By Kyle Brasseur2023-04-20T15:32:00
The U.K. Financial Reporting Council (FRC) announced Thursday the launch of two separate investigations regarding audits performed by Big Four firm EY.
The regulator said it is reviewing EY’s work at British e-commerce company Made.com Group for the financial year ended December 2021. The FRC is also probing EY’s FY2021 audit at an unnamed company for breaches of fee cap requirements set out in the regulator’s 2019 ethical standards guidance.
The investigations, approved by the FRC’s conduct committee in March, each only relate to the firm and not individuals at this time. The regulator provided no further specifics regarding either probe.
2023-08-18T16:30:00Z By Jeff Dale
The U.K. Financial Reporting Council fined audit firm Mazars £72,000 (U.S. $92,000) for “wide-ranging failings” in its audit of an unnamed market traded company.
2023-07-06T19:35:00Z By Kyle Brasseur
The U.K. Financial Reporting Council noted overall improvement in annual inspection and supervision results for the largest audit firms for a fourth consecutive year as part of its latest quality review.
2023-05-09T13:33:00Z By Kyle Brasseur
The U.K. Financial Reporting Council launched an investigation into the work of Big Four audit firm Deloitte at collapsed clothing retailer Joules Group.
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Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
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Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
2025-10-06T16:46:00Z By Aly McDevitt
A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.
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