georgemiller
Publish Date: Wed, 23 Jul 2025, 06:37 AM

July 23 (Reuters) - Britain's accounting watchdog said on Wednesday that it is investigating Deloitte LLP's audits of commodities trader Glencore (GLEN.L) , opens new tab 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.
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Glencore and its unit, Glencore Energy UK Limited, have faced extensive investigations by government agencies in recent years over allegations of bribery and corruption.
Glencore declined to comment, while Deloitte did not immediately respond to a request for comment.
https://www.reuters.com/en/uk-watchdog-probes-deloittes-audits-glencores-2013-2020-accounts-2025-07-23/