LONDON, July 24 (Reuters) - An investigation commissioned by Boston Consulting Group found that some of the firm’s U.S.-based staff sidestepped its risk processes on work related to the Gaza Humanitarian Foundation, the consulting firm said.

"We deeply regret that, in connection with the work about which the committee has asked, we did not live up to our standards," the firm said in a response to a UK parliamentary committee inquiry published on Thursday.

"The independent investigation has shown that BCG’s approval processes were circumvented," it added in relation to work carried out earlier in the year.

(Reporting by Stefania Spezzati and Andrew MacAskill; Editing by Tommy Reggiori Wilkes)

((thomas.wilkes@tr.com; +44 (0) 7769 955711;))