Accountancy

EY audit quality slides ahead of potential split

Regulator finds more than a third of audits require improvement

FRC review comes as a decision on dividing the firm nears
FRC review comes as a decision on dividing the firm nears Photo: Simon Dawson/Getty Images

Audit quality at EY’s UK arm fell last year, according to an inspection from audit watchdog the Financial Reporting Council.

The FRC found that 35% of the EY audits it reviewed required improvements, an increase from 21% the previous year.

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