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.
2025-07-31T18:47:00Z By Adrianne Appel
More than 50 people and 50 ships connected to a top Iranian official were added to the U.S. Treasury’s sanctions list on Wednesday, according to the Office of Foreign Assets Control.
2025-07-31T16:44:00Z By Adrianne Appel
Kentucky took aim at Chinese company Temu, alleging in a lawsuit that it counterfeited popular Kentucky-designed merchandise and violated customers’ privacy.
2025-07-30T17:56:00Z By Aly McDevitt
The Department of Labor is using poultry processing company Mar-Jac Poultry as an example of what will happen when companies repeatedly employ underage workers in hazardous conditions. Hint: Companies can’t pin the blame on staffing agencies.
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