Mazars Probed Over Its Audit of French Connection Group

The U.K.’s auditing watchdog has started an investigation into Mazars’ audit of French Connection Group Plc.

The Financial Reporting Council said Wednesday the probe would focus on the year ending Jan. 31, 2020 without disclosing further details. The struggling U.K. fashion retailer has failed to keep pace on price with its high street rivals and has been closing stores. In April the company said revenue slumped 40% in the year ending Jan. 31.

French Connection appointed Mazars as its auditor in 2019 after a competitive tender process.

“Mazars is cooperating fully with the regulator and, respecting client confidentiality and ...