UK FRC Probes Conduct of Two Members and Ernst & Young

The UK’s Financial Reporting Council has started an investigation into the conduct of two members and Ernst & Young LLP in relation to the unauthorized issuance of auditor’s reports to audited entities, according to a statement.

• Ernst & Young told the FRC it has identified and informed the relevant audited entities, remediated the audit files, and concluded that no adjustments to the related financial statements or audit opinions were required

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Dayana Mustak in London at nmustak@bloomberg.net

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Sachin Ravikumar at sravikumar6@bloomberg.net

Moira Warburton

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