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FRC closes probe into individuals involved in Mitie accounts

The threshold of the FRC's evidence test to approve enforcement was not met

The Financial Reporting Council has closed part of its investigation into the 2016 financial statements of outsourcing company Mitie.

In November 2017 the UK’s audit watchdog launched a probe into the preparation and approval of the group’s accounts, following a series of profit warnings from the outsourcing company in 2016.

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