FRC Probes PWC’s 2023 Audit of Digital 9 Infrastructure

On April 9, 2026, Britain’s accounting regulator announced a formal inquiry into audit work at Digital 9 Infrastructure.

The probe targets the fiscal year ended December 2023. The matter was referred to the Financial Reporting Council.

Regulatory action and scope

The FRC’s enforcement division will lead the investigation. It will use the audit enforcement procedure to examine the audit files.

The inquiry focuses on PwC’s work as auditor for the period to December 2023. The regulator aims to determine whether audit standards were met.

Responses from key parties

PWC said it would cooperate fully with the FRC’s enquiries. The firm stressed it treats audit quality as a priority and remains committed to rigorous audits.

Digital 9 Infrastructure did not immediately reply to requests for comment. Filmogaz.com contacted company representatives without receiving a response.

Background to the review

PWC had served as Digital 9’s external auditor since the investment trust listed on the London bourse in 2021. The firm remained auditor until Digital 9 began winding down in early 2024.

Digital 9 cited a period of poor returns and governance challenges prior to the wind-down decision. Those issues form part of the context for the FRC’s focus on the 2023 audit.

What happens next

The FRC will carry out its enforcement procedure to assess PwC’s audit of Digital 9 Infrastructure. The regulator has not announced a timeline for conclusions.

Filmogaz.com will follow developments and report further updates on the FRC probe into PWC’s 2023 audit of Digital 9 Infrastructure as they emerge.