UK watchdog investigates eight years of Deloitte audits of mining firm Glencore

FRC examines whether accounting firm ‘gave sufficient consideration to risk of non-compliance with laws’The accounting firm Deloitte is under investigation by the sector regulator over eight years of its audits into the FTSE 100 commodities and mining company Glencore and a UK subsidiary.The Financial Reporting Council (FRC) said it was looking into whether Deloitte’s audits of Glencore and its subsidiary Glencore Energy UK for the financial years ending 2013 to 2020 “gave sufficient consideration to the risk of non-compliance with laws and regulations”. Continue reading...

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