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The auditor’s duty to report to the FCA when it suspects fraudulent activity

24 November 2024
Issue: December 2024 / Categories: In Practice
Company: Herbert Smith Freehills

While there is some guidance on the requirement for an auditor who is performing an audit to notify the Financial Conduct Authority under certain circumstances, there remains a great deal of uncertainty as to when the threshold for reporting will be met. This In Practice article explains the key points of uncertainty and asserts the urgent need for further guidance.

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