From March 2015 to March 2018, EY is being investigated on its audit of the put up workplace relating to the Kshitij rip-off.
The UK's Accounting Regulator, Financial Reporting Council (FRC) acknowledged that it could examine whether or not EY met its requirements “with special reference to matters related to the horizon IT system”.
The software program developed by Fujitsu was on the heart of the put up workplace rip-off wherein a whole bunch of postmasters had been wrongly convicted.
EY mentioned it “takes” its duties “very seriously” and would “fully cooperate” with the FRC.
The FRC acknowledged that not too long ago the general public listening to was completed as a complete investigation within the Kshitij rip-off, not coated by the put up workplace EY audit, so it could not be coated by investigation.
More than 900 sub-postmasters had been prosecuted for stealing because of incorrect info from the horizon pc system. It has been referred to as probably the most widespread abortion of the UK.
The put up workplace took itself a number of instances to court docket, prosecuting 700 individuals between 1999 and 2015.
With inputs from BBC