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Regulator opens triple probe into Prax Group’s oil audits
The audit watchdog has launched three separate investigations into the auditing of the collapsed UK energy challenger Prax Group. The Financial Reporting Council (FRC) opened probes into the financial oversight and audit of Prax’s parent company, State Oil, and will also examine Big Four KPMG’s audit of the fiscal years ended 28 February 2022 and 28 [...]
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cityam.com
Regulator opens triple probe into Prax Group’s oil audits
The audit watchdog has launched three separate investigations into the auditing of the collapsed UK energy challenger Prax Group. The Financial Reporting Council (FRC) opened…
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ft.com
KPMG under investigation over audits for Prax’s State Oil arm
Big Four accountant, PKF Littlejohn and an unnamed individual to face FRC probe