Britain's accounting watchdog said on Friday it had opened an investigation into Ernst & Young LLP's audit of the 2019 financial statements of Stirling Water Seafield Finance, a UK unit of French group Veolia .
The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann
In April 2021, EY sent a letter to the company notifying that it would end its role as auditor as it had inadvertently breached the maximum 10-year engagement period when it was reappointed as external auditor to the company for 2019.
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