The Financial Reporting Council (FRC) is examining the firm's reporting for the period of January 2009 to June 2011, just before its purchase by the US firm HP.

BBC: Autonomy faces probe by Financial Reporting Council

That said, I understand that these roles might well end up - in the longer term - merged with the Takeover Panel and the Financial Reporting Council as part of a new regulatory authority with broader responsibilities for the conduct of publicly listed companies.

BBC: Tories to outline banking reform

That is why OMB Director Jack Lew is establishing a new Council on Financial Assistance Reform, to ensure that we are delivering, overseeing and reporting on grants in the most effective way possible.

WHITEHOUSE: Driving Reforms and Results in Federal Grants