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New FRC investigation

05 July 2018

The Financial Reporting Council has started an investigation into the audit by KPMG of the financial statements of Conviviality plc for the 52 weeks ended 30 April 2017.

The investigation will be conducted under the Audit Enforcement Procedure.

The FRC has also commenced an investigation under the Accountancy Scheme into the preparation and approval of Conviviality’s financial statements and other financial information by a member of the ICAEW.

Conviviality went into administration on 5 April 2018.

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