Wed, 16 Apr 2025

Wed, 16 Apr 2025 EY faces investigation over Post Office Horizon audit

The UK accounting regulator says it will look at whether EY met accounting standards.

* EY, an accounting giant, is being investigated by the Financial Reporting Council (FRC) over its audits of the Post Office from 2015-2018.
* The investigation focuses on whether EY met auditing standards related to the Horizon IT system, which was at the center of the Post Office scandal that led to hundreds of wrongful convictions.
* EY stated it takes its responsibilities seriously and will cooperate with the FRC.
* Sub-postmasters who were wrongly prosecuted are being honored for their campaigning efforts.
* The investigation does not cover EY's audits from 2015-2018, but rather focuses on whether they met auditing standards at that time.
* Previous inquiry findings revealed that EY had warned Post Office officials about the risks of Horizon in 2011, but those concerns were not acted upon.
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