FRC opens investigation into unnamed audits conducted by EY
News of the investigation comes after the FRC’s conduct committee made the decision at a meeting held on 21 November 2024

The Financial Reporting Council (FRC) has opened an investigation into EY’s audits of the consolidated financial statements of a public interest entity (PIE) and a related non-PIE entity for the year ended 31 December 2021 and 2022.