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.
2025-02-14T19:34:00Z By Aaron Nicodemus
A former Deloitte partner will pay $75,000 and be barred from working as a public company registered accountant for two years by the Public Company Accounting Oversight Board after violating audit standards during a 2016 audit.
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.
2023-04-27T13:32:00Z By Kyle Brasseur
The U.K. Financial Reporting Council fined Big Four audit firm KPMG approximately £1 million (U.S. $1.2 million) for deficiencies in its work on the 2020 year-end financials of discount retailer TheWorks.co.uk.
2025-09-16T20:11:00Z By Adrianne Appel
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
Site powered by Webvision Cloud