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UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts
UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts

Yahoo

time23-07-2025

  • Business
  • Yahoo

UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts

(Reuters) -Britain's accounting watchdog said on Wednesday that it is investigating Deloitte LLP's audits of commodities trader Glencore and one of its divisions for the financial years ended December 2013 through December 2020. The Financial Reporting Council (FRC) is examining whether Deloitte properly assessed the risk of legal and regulatory breaches during its audits. Glencore and its unit, Glencore Energy UK Limited, have faced extensive investigations by government agencies in recent years over allegations of bribery and corruption. The firm's former head of oil Alex Beard and five other ex-employees of the Swiss commodity trader will stand trial in a London court in 2027 on bribery charges. "We are committed to the highest standards of audit quality and will fully co-operate with the Financial Reporting Council," a Deloitte UK spokesperson told Reuters. Glencore declined to comment.

UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts
UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts

Economic Times

time23-07-2025

  • Business
  • Economic Times

UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts

Britain's accounting watchdog said on Wednesday that it is investigating Deloitte LLP's audits of commodities trader Glencore and one of its divisions for the financial years ended December 2013 through December 2020. The Financial Reporting Council (FRC) is examining whether Deloitte properly assessed the risk of legal and regulatory breaches during its audits. Glencore and its unit, Glencore Energy UK Limited, have faced extensive investigations by government agencies in recent years over allegations of bribery and corruption. The firm's former head of oil Alex Beard and five other ex-employees of the Swiss commodity trader will stand trial in a London court in 2027 on bribery charges. "We are committed to the highest standards of audit quality and will fully co-operate with the Financial Reporting Council," a Deloitte UK spokesperson told Reuters. Glencore declined to comment.

UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts
UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts

Time of India

time23-07-2025

  • Business
  • Time of India

UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts

Britain's accounting watchdog said on Wednesday that it is investigating Deloitte LLP 's audits of commodities trader Glencore and one of its divisions for the financial years ended December 2013 through December 2020. The Financial Reporting Council (FRC) is examining whether Deloitte properly assessed the risk of legal and regulatory breaches during its audits. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science MCA Management Healthcare Technology Product Management Data Analytics Operations Management Public Policy Others Project Management Digital Marketing Design Thinking healthcare others Artificial Intelligence Data Science MBA CXO Finance PGDM Degree Leadership Cybersecurity Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Glencore and its unit, Glencore Energy UK Limited , have faced extensive investigations by government agencies in recent years over allegations of bribery and corruption. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Never Mix This Skinny Drink With Water – It May Burn Fat Too Fast Hollywood News | USA Click Here Undo The firm's former head of oil Alex Beard and five other ex-employees of the Swiss commodity trader will stand trial in a London court in 2027 on bribery charges. "We are committed to the highest standards of audit quality and will fully co-operate with the Financial Reporting Council," a Deloitte UK spokesperson told Reuters. Live Events Glencore declined to comment.

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