FRC Opens Investigation into PwC Audit of Digital 9 Infrastructure
Summary
The Financial Reporting Council (FRC) has commenced an investigation into PricewaterhouseCoopers LLP regarding the audit of Digital 9 Infrastructure plc's consolidated financial statements for the financial year ended 31 December 2023. The decision to open the investigation was made by the FRC's Conduct Committee on 16 December 2025. The FRC explicitly states that the investigation does not indicate any findings of breach and does not extend to parties beyond the statutory auditor(s) and audit firm(s).
What changed
The FRC announced the opening of an investigation into PwC's audit of Digital 9 Infrastructure plc, a listed investment company, for the financial year ended 31 December 2023. The investigation will be conducted under the FRC's Audit Enforcement Procedure. The FRC emphasises that opening an investigation does not constitute a finding of breach and only concerns the statutory auditor(s) and audit firm(s), not the company itself.
Affected parties, particularly audit firms and listed companies, should note this development but recognise that no adverse findings have been made. The investigation underscores continued regulatory scrutiny of audit quality in the UK, and firms should ensure their audit methodologies align with current FRC expectations and professional standards.
What to do next
- Monitor FRC for updates on the investigation
Archived snapshot
Apr 9, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Investigation regarding an audit of Digital 9 Infrastructure plc by PricewaterhouseCoopers LLP
News types: Investigations
Published: 9 April 2026
This press notice concerns the opening of an investigation into one or more Statutory Auditor(s) and/or Statutory Audit Firm(s) [1] . The investigation does not relate to any persons or entities other than the relevant Statutory Auditor(s) and/or Statutory Audit Firm(s) and it would not be fair to treat any part of this announcement as constituting or evidencing an investigation into any other persons or entities. The opening of an investigation does not indicate that the FRC has made, or will make, any findings of breach of Relevant Requirements.
The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by PricewaterhouseCoopers LLP of the consolidated financial statements of Digital 9 Infrastructure plc for the financial year ended 31 December 2023.
The decision to open the investigation was made at a meeting of the FRC’s Conduct Committee on 16 December 2025.
The investigation will be conducted by the FRC’s Enforcement Division under the Audit Enforcement Procedure.
Footnotes
- [1] Defined terms in this press notice refer to terms defined in the FRC’s Audit Enforcement Procedure.
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