Financial regulator to carry out independent investigation into failed investment strategies
3 January 2024
The UK body that regulates auditors and accountants has today announced it will begin an investigation into an individual's conduct regarding the financial management of Thurrock Council’s failed investment strategies.
The Financial Reporting Council (FRC) has stated it will investigate the individual’s compliance with governance and professional standards relating to Thurrock Council's operations and investment activities for the financial years ended 31 March 2018 to 31 March 2022.
The Financial Reporting Council (FRC) has stated it will investigate the individual’s compliance with governance and professional standards relating to Thurrock Council's operations and investment activities for the financial years ended 31 March 2018 to 31 March 2022.