Crowe Investigated For Audits Of Music Streaming Site

By Lucia Osborne-Crowley (October 4, 2021, 12:56 PM BST) -- The auditing watchdog said on Monday that it has launched an investigation into accounting firm Crowe UK over its audits of music streaming site Akazoo Ltd.

The Financial Reporting Council said it is investigating the audits conducted by Crowe UK LLP of the financial statements of Akazoo for 2016, 2017 and 2018 — the three years before the streaming service merged with a special purpose acquisition company in a $469 million deal.

The watchdog's conduct committee took the decision to investigate at a meeting on Sept. 14. The audit watchdog did not provide any additional information about the investigation.

Akazoo, a music...

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