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Tue, 20 Oct 2026

Tue, 20 Oct 2026 Audit regulator looking into Manchester City accounting

No formal investigation has started, but the regulator is making inquiries into the case.

* The UK's Financial Reporting Council (FRC) has taken over inquiries into accounting irregularities at Manchester City.
* The FRC is investigating whether Manchester City artificially inflated their financial position by more than £900m between 2009-10 and 2017-18.
* Manchester City were found guilty of breaching the Premier League's financial regulations, but are appealing the verdict.
* The FRC has greater resources and powers to apply sanctions if it finds evidence of violations.
* The regulator can investigate BDO, Manchester City's auditors, to determine if their audit was in line with the rules.
* The FRC can also apply sanctions to individual directors or employees of Manchester City if they are members of professional accountancy bodies.
* The UK's business select committee has called for greater powers for the FRC to look into similar cases.
* Manchester City have confirmed that they will appeal against the guilty verdict.