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Probe into Deloitte’s Serco audits closed after UK SFO’s criminal case collapses

By Phoebe Seers and Martin Coyle ( February 21, 2023, 10:58 GMT | Insight) -- The UK’s audit watchdog has closed its investigation into Deloitte’s audits of public services provider Serco Group and two of its units. The Financial Reporting Council, which fined Deloitte 4.2 million pounds for failings in its 2011 and 2012 audits of Serco Geografix, a unit working on electronic monitoring equipment, said it was closing the remaining parts of its investigation after the ending of the criminal proceedings brought by the Serious Fraud Office.The UK’s audit watchdog has closed its investigation into Deloitte’s audits of public services provider Serco Group and two Serco units. ...

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