Published by Global Banking & Finance Review®
Posted on April 16, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleThe UK's Financial Reporting Council is investigating EY's audits of the Post Office from 2015-2018, focusing on issues with the Horizon IT system.
(Reuters) - Britain's Financial Reporting Council said on Wednesday it is investigating accountancy firm EY's audit of state-owned Post Office's financial statements for the years ended March 2015 to 2018, with particular reference to issues related to the faulty Horizon IT system.
(Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza)
The main topic is the investigation by the UK's Financial Reporting Council into EY's audit of the Post Office due to issues with the Horizon IT system.
EY is being investigated for their audits of the Post Office's financial statements, particularly concerning the faulty Horizon IT system from 2015 to 2018.
The Horizon IT system is a software used by the Post Office, which has been identified as faulty, leading to financial discrepancies.
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