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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-04-20T15:32:00
The U.K. Financial Reporting Council (FRC) announced Thursday the launch of two separate investigations regarding audits performed by Big Four firm EY.
The regulator said it is reviewing EY’s work at British e-commerce company Made.com Group for the financial year ended December 2021. The FRC is also probing EY’s FY2021 audit at an unnamed company for breaches of fee cap requirements set out in the regulator’s 2019 ethical standards guidance.
The investigations, approved by the FRC’s conduct committee in March, each only relate to the firm and not individuals at this time. The regulator provided no further specifics regarding either probe.
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2023-08-18T16:30:00Z By Jeff Dale
The U.K. Financial Reporting Council fined audit firm Mazars £72,000 (U.S. $92,000) for “wide-ranging failings” in its audit of an unnamed market traded company.
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.
2023-05-09T13:33:00Z By Kyle Brasseur
The U.K. Financial Reporting Council launched an investigation into the work of Big Four audit firm Deloitte at collapsed clothing retailer Joules Group.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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