UK watchdog investigates EY audit of NMC Health - Reuters:
Britain’s accounting regulator said it has opened an investigation into EY’s audit of NMC Health, the troubled hospital operator that was placed into administration in April.
Shares in NMC were suspended on the London Stock Exchange after the company revised its debt position to $6.6 billion, well above earlier estimates.
“On 15 April 2020 the Financial Reporting Council opened an investigation into the audit by Ernst and Young LLP of the financial statements of NMC Health for the year ended 31 December 2018,” the FRC said in a statement on Monday.
EY said it has been notified of the FRC’s intention to conduct an investigation into the audit of NMC Health plc.
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