Deloitte under investigation over audit for retailer Joules

Financial Reporting Council to look at group’s 2021 accounts, a year before it went into administration

One of the UK’s biggest advisory firms, Deloitte, is under investigation by the UK’s accountancy watchdog in relation to its audit of fashion group Joules’ 2021 accounts.

Joules, best known for its colourful wellies and waterproof coats, called in administrators in November, putting 1,600 jobs and the future of its 132 shops at risk, after failing to secure emergency funding.