The Financial Reporting Council (FRC) has started an investigation into the conduct of two accountants “in relation to their compliance with governance, reporting regulations and professional standards in respect of Woking Borough Council’s operations and investment activities.”
The FRC’s Executive Counsel will be looking at the financial years ended 31 March 2017 to 31 March 2023. Both individuals no longer employed by the Council.
This is an Accountancy Scheme investigation, so it covers members of the following bodies: ICAEW, CIMA, CIPFA, ICAI, ACCA, and ICAS.
