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EY comes under scrutiny for misleading UK FRC
Yahoo Finance· 2025-10-14 10:55
Accounting giant EY has come under scrutiny for allegedly misleading the UK's accounting watchdog, the Financial Reporting Council (FRC), during its audit of the United Arab Emirates (UAE)-based hospital operator NMC Health, reported Financial Times. The accusation emerges as the £2bn ($2.7bn) negligence trial against EY draws towards a conclusion. NMC Health, previously listed on the FTSE 100, encountered a downfall in 2020 when hidden debts amounting to billions of dollars were uncovered. The company' ...