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News August 2014 Extension of scope of investigation in connection with Computer 2000 Distribution Ltd

Extension of scope of investigation in connection with Computer 2000 Distribution Ltd

07 August 2014

PN 48/14

The Financial Reporting Council (FRC) has extended the scope of the investigation launched under the Accountancy Scheme into the preparation and approval of the financial information of Computer Distribution Limited (C2000) for the years ended 31 January 2009 to 31 January 2013 to include the audits for the years in question and the conduct of Members and Ernst &Young LLP, a Member Firm of ICAEW.

The investigation was announced on 12 May 2014.
 
Notes to editors:

  1. The FRC is responsible for promoting high quality corporate governance and reporting to foster investment.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work.  We represent UK interests in international standard-setting.  We also monitor and take action to promote the quality of corporate reporting and auditing.  We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.

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