Ofcom to investigate Royal Mail’s compliance with USP accounting and auditing requirements

Ofcom to investigate Royal Mail’s compliance with USP accounting and auditing requirements

UK communications industries regulator Ofcom has opened an investigation into Royal Mail’s compliance with USP accounting and auditing regulations. In more specific terms, Ofcom will consider: “Whether Royal Mail has complied with its obligations under USP Accounting Condition (“USPAC”) 1.3.4, 1.4.4 and 1.5.5 and the Regulatory Accounting Guidelines (“RAG”) to secure an appropriate audit opinion in respect of the relevant regulatory financial statements for the years 2013/14 and 2014/15.”

Click here to view the full Ofcom notice.

The case, which is an Ofcom own-initiative investigation, was opened yesterday (4 November).

 

Relevant Directory Listings

Listing image

Escher

Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Post & Parcel
USPS “confounded by the Commission’s dismissal of cost savings of nearly $4 billion a year as “meager”
JD.com underscores its commitment to workforce welfare
DHL: It will take time before the conditions are created for a complete switch to battery-electric trucks
ParcelHero: using tariffs as a tool to achieve economic and political objectives is undoubtedly disruptive to trade
Australia Post: Growing trust in eCommerce continues to influence shopping habits
USPS “confounded by the Commission’s dismissal of cost savings of nearly $4 billion a year as “meager”
JD.com underscores its commitment to workforce welfare
DHL: It will take time before the conditions are created for a complete switch to battery-electric trucks
ParcelHero: using tariffs as a tool to achieve economic and political objectives is undoubtedly disruptive to trade
Australia Post: Growing trust in eCommerce continues to influence shopping habits
Ofcom to investigate Royal Mail’s compliance with USP accounting and auditing requirements
1
2
3
4
5
Listing image
Listing image
Listing image
Listing image
NEW INNOVATION AT ROYAL MAIL’S PARCEL HUB
Royal Mail could cut second class deliveries on Saturdays following Ofcom proposal
Royal Mail: It’s so exciting to hit this major milestone just as we enter 2025
IDS: We welcome the Government’s commitment today to secure a stable future for Royal Mail
Share This