Closure of investigation into the financial statements of Quindell plc
News types: Investigations
Published: 4 November 2022
The Financial Reporting Council (FRC) today announces the closure of its investigation under the Accountancy Scheme into a Member in relation to the preparation and approval of the financial statements of Quindell plc for the period ended 31 December 2011 to the year ended 31 December 2013 and the interim results for the half-year ended 30 June 2014.
The investigation commenced in August 2015 in relation to the preparation, approval, and audit of the financial statements of Quindell plc for the period ended 31 December 2011 to the year ended 31 December 2013 and for the preparation and approval of the company’s interim results for the half year ended 30 June 2014.
The FRC previously took action in respect of the 2011 and 2013 audits of Quindell plc.
Under the Accountancy Scheme, the FRC may investigate Accountancy Scheme Members and Member Firms. Quindell plc was not the subject of the FRC’s investigation.
The closure of the remaining aspect of the FRC’s investigation follows the closure of the Serious Fraud Office’s investigation into the business and accounting practices at Quindell plc, announced in October 2021, and further consideration by the FRC.
The investigation commenced in August 2015 in relation to the preparation, approval, and audit of the financial statements of Quindell plc for the period ended 31 December 2011 to the year ended 31 December 2013 and for the preparation and approval of the company’s interim results for the half year ended 30 June 2014.
The FRC previously took action in respect of the 2011 and 2013 audits of Quindell plc.
Under the Accountancy Scheme, the FRC may investigate Accountancy Scheme Members and Member Firms. Quindell plc was not the subject of the FRC’s investigation.
The closure of the remaining aspect of the FRC’s investigation follows the closure of the Serious Fraud Office’s investigation into the business and accounting practices at Quindell plc, announced in October 2021, and further consideration by the FRC.