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UK’s audit watchdog probes EY over audit of collapsed

Posted On: Apr. 21, 2023 10:11 AM CST

U.K.’s Financial Reporting Council has initiated a probe into Ernst & Young LLP’s audit of the U.K.-based online furniture retailer, which collapsed in November 2022, City A.M. reported. The audit watchdog is particularly reviewing EY’s work at the e-commerce company for the financial year ended December 2021.