FRC announces new Grant Thornton probe

Kashflow logo
1

Grant Thornton UK LLP is under investigation by the Financial Reporting Council (FRC) for the accounting and audit of interest rate swap arrangements of the Manchester Building Society.

This is the second investigation recently announced by the FRC into GT. Earlier in the week, it announced it would look into the firm’s audit of drinks group Nichols PLC.

Both investigations are taking place under the Council’s Accountancy Scheme and followed consultation with the ICAEW.

This most recent investigation specifically focusses on GT’s accounting and auditing of...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

Rachael Power
Community Correspondent
Sift Media
Share this content

Replies

Please login or register to join the discussion.

15th Aug 2013 20:15

GT: are they still insured?

With the Tchenguiz case perhaps going to cost this firm £2.5b will someone please confirm that GT still have insurance?

Thanks (0)