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The Financial Reporting Council (FRC) has officially launched an investigation into PwC’s audit of Digital 9 Infrastructure for the financial year ended 31 December 2023.
According to the regulatory body, the investigation will focus on the work performed by the firm regarding the consolidated financial statements of the investment company.
Members of the conduct committee at the FRC made the decision to open the inquiry during a meeting on 16 December 2025, with an official announcement issued yesterday (9 April).
The investigation will be carried out by the enforcement division of the regulator under the audit enforcement procedure.
Officials stated the probe is limited to the statutory auditors and does not relate to any other persons or entities connected to the company.
In its announcement, the FRC said: “The opening of an investigation does not indicate that the FRC has made, or will make, any findings of breach of Relevant Requirements.”
A PwC spokesperson told Accountancy Today: “We will cooperate fully with the FRC in its enquiries. Audit quality is of paramount importance and we are committed to delivering high-quality audits.”
