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Deloitte probed over audit of collapsed fashion chain Joules

Deloitte was Joules’ auditor before the fashion chain’s collapse last year

Big Four firm says it remains 'committed to the highest standards of audit quality'

Jose Sarmento Matos/Getty Images
By
James Booth

Deloitte is being investigated over its audit of fashion chain Joules, which collapsed into administration late last year.

Audit watchdog the Financial Reporting Council said on 9 May that it had opened an investigation into Deloitte’s audit of the company for the year ended 30 May 2021.

“We will co-operate fully with the FRC’s investigation...