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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

PwC faces extended FRC investigation into Babcock audit work

PwC Babcock FRC

A PwC logo

(Picture: PA Archive)

A probe into PwC’s work with Babcock has been extended after the defence giant was forced to take major write-downs last year.

The Financial Reporting Council (FRC) today began an investigation into PwC audits for Babcock audits in 2019 and 2020. The FRC is already investigating the “Big Four” accountant’s work in 2018 and 2017 after spot checks found the quality was below par.

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