The U.K. Financial Reporting Council (FRC) has launched an investigation into Deloitte regarding its audits performed at passenger transport company Go-Ahead Group.

The probe, announced Tuesday, will cover the audits of Go-Ahead’s financial statements for the fiscal years ended 2016-21. The investigation will be conducted by the FRC’s Enforcement Division and will not relate to any individuals, the regulator noted.

“We will cooperate fully with the FRC’s investigation,” a spokesperson for Deloitte UK said in an emailed statement. “Deloitte is committed to the highest standards of audit quality.”

Go-Ahead last month announced it received a penalty notice totaling 23.5 million pounds (U.S. $30.7 million) from the U.K. Department for Transport. The fine follows Go-Ahead being stripped of control of its Southeastern rail contract after it was discovered the company improperly retained £25 million (U.S. $32.6 million) of taxpayer money.

Go-Ahead in December admitted to “serious errors” regarding its rail operations and said it apologized to the Department for Transport. The company braced for a potential fine of £30 million (U.S. $39 million) from the agency.

Go-Ahead has referred itself to the Serious Fraud Office, which has yet to announce any investigation.

Kyle Brasseur is Editor in Chief of Compliance Week. His background includes expertise in user personalization with ESPN.com.

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