Investigation regarding audit of Stirling Water Seafield Finance plc by Ernst & Young

News types: Investigations

Published: 13 January 2023

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 Ernst & Young LLP of the financial statements of Stirling Water Seafield Finance plc for the year ended 31 December 2019.

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

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

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