UK regulators target Revolut for 'material misstatement' in audit: Report
News, Regulation, revolut, united kingdom

UK regulators target Revolut for ‘material misstatement’ in audit: Report

The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut tha included an “unacceptably high” risk of “material misstatement.” According to a Monday report from the Financial Times, the U.K. Financial Reporting Council criticized the results of a Revolut audit released in July by accountancy and business advisory firm BDO, claiming the…

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