FRC probing Deloitte work at retailer Joules Group
By 
Kyle Brasseur2023-05-09T13:33:00
The U.K. Financial Reporting Council (FRC) launched an investigation into the work of Big Four audit firm Deloitte at collapsed clothing retailer Joules Group.
The probe, announced Tuesday, is focused on the audit of Joules’s financial statements for the year ended May 30, 2021, according to the FRC. It does not currently relate to any specific individuals. The FRC did not provide any further specifics regarding the investigation.
“We will cooperate fully with the Financial Reporting Council’s investigation and remain committed to the highest standards of audit quality,” said a Deloitte UK spokesperson in an emailed statement.
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