Financial watchdog investigates former Vistry accountants

“The opening of an investigation does not indicate that the FRC has made, or will make, any findings of misconduct by the relevant individuals,” the finance watchdog added.

The investigation will be conducted by the FRC’s executive counsel under the Accountancy Scheme, which covers members and member firms of select professional accountancy bodies. 

Responding to the announcement, a Vistry Group spokesperson confirmed that the two accountants are former employees. 

“Vistry will cooperate fully with the investigation and provide any assistance required,” the spokesperson added. 

“The matter is limited to these two individuals and, as the [FRC] has stated, the opening of an investigation does not indicate that the FRC has made, or will make, any findings of misconduct in relation to the individuals concerned.”