Revolut delays filing 2021 accounts again after audit risks are highlighted

The company is under growing pressure from British financial regulators to improve its internal controls and compliance functions after criticism of the auditing process at the firm

British regulators have highlighted an ‘unacceptably high’ risk of ‘material misstatement’ in the financial controls and auditing process at Revolut

Revolut has yet to file audited accounts for the 2021 financial year after British regulators highlighted an “unacceptably high” risk of “material misstatement” in the financial controls and auditing process at the firm.

The fast-growing financial technology and banking company, which has more than two million users in Ireland, is now more than three months overdue in filing an audited set of results for 2021. The company confirmed to the Business Post that it will ...