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EY being investigated over Post Office auditing during Horizon scandal

Financial Reporting Council looking into whether firm met its standards in connection with Horizon IT systemEY, one of the “big four” accounting firms, is being investigated over how it audited the accounts of the Post Office as the postal branch network wrestled with the Horizon software scandal that resulted in hundreds of post office operators being wrongly convicted.The UK’s accounting regulator, the Financial Reporting Council (FRC), said it had begun an investigation into whether the firm met its standards “with particular reference to matters related to the Horizon IT system”. Continue reading...

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