Investigation regarding the audit of Studio Retail Group plc by Mazars LLP

News types: Investigations

Published: 6 October 2022

 This Press Notice concerns the opening of an investigation into the relevant Statutory Auditor(s). The investigation does not relate to any persons other than the relevant Statutory Auditor(s) and it would not be fair to treat any part of this announcement as constituting or evidencing an investigation into any other persons or entities.

The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by Mazars LLP of the financial statements of Studio Retail Group plc for the period ended 26 March 2021.

The decision was made at a meeting of the FRC’s Conduct Committee on 13 September 2022.

The investigations will be conducted by the FRC’s Enforcement Division under the Audit Enforcement Procedure.

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