FRC to investigate Deloitte over Go-Ahead audit; Reckitt transfers its Russian business; and Peloton faces “governance issues”.
Go-Ahead, investigate More trouble for big audit firms, this time Deloitte. Regulators have opened an investigation of the firm’s work as auditor of Go-Ahead Group across six years. The Financial Reporting Council (FRC) announced the probe this week following Go-Ahead’s troubles which emerged as the UK government stripped the transport company of the Southeastern rail franchise. That came after tax-payer funds running to tens of millions of pounds failed to be returned. Go-Ahead has also referred itself to the Serious Fraud Office, though there has been no confirmation by the SFO of an investigation being opened. Reckitt leaves Russia Reckitt Benckiser, the consumer goods giant and maker of products such as Durex and cleaning agen