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August 7, 2014

UK FRC to investigate EY’s audits of C2000

The UK Financial Reporting Council has extended the scope of its investigation of Computer 2000 Distribution (C2000), a distributor of IT, communication and electronics products, to look at EY’s conduct in the audits of the company between 31 January 2009 and 31 January 2013.

The UK FRC launched its investigation in May of this year into the preparation and approval of the financial information of C2000 (now rebranded Tech Data) relating to the years ended 31 January 2009 to 31 January 2013.

The UK FRC has now announced it will broaden its investigation to look at the audits for those years as well as the conduct of the auditor, EY.

Contacted by IAB, EY said it does not comment on ongoing investigations.

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