In this month’s round-up of audit news, FRC extends probe into Carillion audit, no deal Brexit advice for auditors, Vodafone drops PwC in swap to EY, BDO picks up £200k Halfords audit from KPMG
In an update to its investigation into failed outsourcer Carillion, the Financial Reporting Council (FRC) has revealed it has extended the scope of its probe into the preparation, approval and audit of the company’s financial statements to include certain matters relating to the financial statements for the year ended 31 December 2013.
In January 2018 the regulator announced an investigation into KPMG’s audit of the financial statements of Carillion for the years ended 31 December 2014, 2015 and 2016, and additional audit work carried out during 2017.
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