UK's FRC probes EY for unauthorised audit report issuance [Yahoo! Finance]
VEOLIA ENVIRONNEMENT ADR (VEOEY)
NASDAQ:AMEX Investor Relations:
veolia.com/en/veolia-group/finance-area
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Source: Yahoo! Finance
The purpose of the investigation is to assess the circumstances leading to these “unauthorised” signoffs and determine if auditing standards were compromised. The decision to begin this inquiry was taken by the FRC's Conduct Committee on 22 July 2025. Two employees of EY are included in this examination, though they have not been named publicly. EY reported that it had identified and informed all impacted clients, corrected the relevant audit files, and found no revisions necessary for the associated financial statements or audit opinions. The FRC underlined that starting an investigation should not be interpreted as confirmation of wrongdoing. Updates will be issued if developments occur as examinations continue. The FRC was told by the EY, “No adjustments to the related financial statements or audit opinions were required.” A spokesperson from EY was quoted by The Times as saying: “We self-reported this matter to the FRC and will continue to fully co-operate with the
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