Global Investigations Review - The law and practice of international investigations

FRC closes Tesco accounting fraud investigation without action

By Sam Fry

08 June 2020

FRC closes Tesco accounting fraud investigation without action Credit: shutterstock / Tana888

The UK’s accounting regulator has ended its investigation into an undisclosed number of accountants at Tesco over their role in a £263 million profit overstatement that the British retailer disclosed in 2014.