LONDON, Dec 10 (Reuters) - Britain's Financial Reporting Council has launched an investigation into the conduct of two members and Ernst & Young relating to the unauthorised issuance of auditor's
UK Watchdog Investigates EY Over Auditor Report Issues
LONDON, Dec 10 (Reuters) - Ernst & Young (EY) and two of its member firms are being investigated for due process failures that led to the unauthorised issuance of auditor reports, Britain's accounting watchdog said on Wednesday.
The reports were issued to unnamed entities without proper approval from a senior statutory auditor, a spokesperson for the Financial Reporting Council said.
EY, one of the world's "Big Four" leading accounting and consulting networks, said it had informed the companies involved, checked the audit files and found that no financial adjustments or changes to audit opinions were required.
The firm was not immediately available for further comment.
(Reporting by Kirstin Ridley and Muvija M, Editing by Paul Sandle and Jan Harvey)
