UK watchdog probes EY's audit of Shell on rule violation

UK watchdog probes EY's audit of Shell on rule violation

Britain's Financial Reporting Council (FRC) said today it had opened an investigation into Ernst & Young's audit of Shell's 2024 financial statements over potential breaches of audit partner rotation rules.

Monday Morning Accounting News Brief: EY Earns an Investigation For Falling to Rotate; Companies Spending on Tech, Not People

Good morning, capital markets servants! We’re running out of Mondays pretty quickly here, this is probably your penultimate Monday news brief for 2025. So let’s get to it. The UK audit regulator is looking into EY not rotating partners on the Shell audit, reports Reuters: Britain’s Financial Reporting Council said on Monday it had opened an investigation into Ernst & Young’s audit of Shell’s 2024 financial statements over potential breaches of …