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FRC to investigate Deliotte

08 June 2016

We started the week with the FRC announcing an investigation into KPMG over its non-audit work of Ted Baker.

Today, it revealed it now plans to investigate Deloitte over the preparation, approval and audit of the financial statements of companies within the Serco group.

This decision follows information received from the Serious Fraud Office, which is conducting an investigation into Serco’s electronic monitoring contracts.

The period covers the financial years ended 31 December 2011 and 31 December 2012.

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