Financial Reporting Council looking into compliance of ex-official at council that ran up £500m deficit
The UK’s accounting watchdog has launched an investigation into an accountant at Thurrock council after the Conservative-run local authority’s failed investment spree landed it in effective bankruptcy.
The Financial Reporting Council (FRC) said its move related to an individual’s compliance with governance, reporting, regulations and professional standards at the Essex council over its operations and investment activities between March 2018 and March 2022.
Business | The Guardian
