Accountancy giant Deloitte is being investigated by the industry watchdog over its audits for Newcastle-based bus and train group Go-Ahead.
The Financial Reporting Council (FRC) said it had launched a probe into Deloitte’s auditing of Go-Ahead’s financial accounts over the six years between 2016 and 2021.
Go-Ahead’s Govia joint venture with French firm Keolis was stripped of the Southeastern rail franchise by the Government last year for a “serious breach of trust” after it deliberately concealed more than £25m of historic taxpayer funding that should have been returned.
