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The Financial Reporting Council (FRC) has launched an investigation into the conduct of two individual accountants in relation to their compliance with governance, reporting, regulations and professional standards in respect of Woking Borough Council’s operations and investment activities for the financial years ended 31 March 2017 to 31 March 2023.
Responding to the news, Cllr Ann-Marie Barker, Leader of Woking Borough Council, said: “Since the council fully accepted the recommendations of the independent Grant Thornton public interest report, Government-appointed Commissioners overseeing Woking Borough Council’s financial recovery have been liaising with relevant professional bodies. As a result, the Financial Reporting Council (FRC) has confirmed investigations into the conduct of two former employees.
“Woking residents deserve complete transparency and for those responsible for the borough’s financial issues to be held accountable. We will therefore do whatever we can to assist the FRC in their investigations.”