The UK Financial Reporting Council (FRC) is to pursue an investigation of Grant Thornton UK’s preparation, approval and audit of the financial statements of AssetCo, a management and resources provider to the fire and emergency services in the Middle East.

The FRC will look at Grant Thornton UK’s audits of AssetCo. for the years ended 31 March 2008 to 31 March 2010.

A Grant Thornton UK spokesperson said: "I can confirm we have received a letter from the Financial Reporting Council informing us of its decision to commence an investigation, and we will, of course, fully cooperate in this matter."

Related links:

FRC

Grant Thornton UK

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.