UK's FRC to probe French Connection audit by Mazars
Britain's accounting watchdog said it had opened an investigation into the audit of fashion retailer French Connection Group by accountants Mazars.
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The Financial Reporting Council (FRC) on Wednesday said it was probing the company's audit for the year to January 31, 2020.
"The decision was made at a meeting of the FRC's Conduct Committee on 20 July," it said in a statement.
French Connection, famed for its "FCUK" branding, on Monday said it said it had agreed to sell itself for £29m to the firm's second largest investor, Newcastle businessman Apinder Singh Ghura, who has a 25% stake after years of losses.