Accounting watchdog launches enquiries into Man City auditor BDO

The Financial Reporting Council (FRC) is considering launching a formal probe into Manchester City s accounts and its external auditor BDO, after the club was found to have breached the Premier League s financial rules. In a letter to the government s business committee, penned by the newly appointed chair, Dame Jayne-Anne Gadhia, the FRC said it is conducting preliminary enquiries to determine if there are grounds for a formal investigation into the audits of Manchester City by BDO, as well as any relevant regulated person at the club. Manchester City faces potentially major sanctions after being found guilty of all but one of the 115 charges of breaching financial regulations brought by the Premier League in the period 2009 to 2018. During that period, the club won three Premier League titles, two FA Cups, and the EFL Cup. The Premier League football club is currently seeking to appeal the independent Disciplinary Commission s findings, but the FRC said this does not preve