FRC probing EY audit of Veolia unit


The U.K. Financial Reporting Council (FRC) launched an investigation into Big Four audit firm EY’s work at Stirling Water Seafield Finance.

The probe, announced Jan. 13, is focused on EY’s audit of the financial statements of Stirling for the year ended December 2019. The investigation does not relate to any individuals at this time.

The FRC offered no further details on the specifics of its probe.

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