Search Results for: Deloitte
RBS Leans Towards Naming EY As New Auditor
October 31st, 2014
Royal Bank of Scotland (RBS) is leaning towards appointing the smallest of the big four accountancy firms as its new auditor, a move that would spell the end of its relationship with Fred Goodwin’s erstwhile employer. RBS is closing ...
Hackers Probing the Financial System Show Reason to Worry
October 31st, 2014
Hackers are testing the financial system’s cyber defenses, and they can boast of some alarming success. Let’s start with what we know. JPMorgan Chase & Co. says a breach of its computer systems exposed the personal information of 76 ...
Tesco share price falls again: Chairman Sir Richard Broadbent steps down
October 23rd, 2014
It has been a tough few weeks for Tesco, but just how tough was revealed in first-half results posted this morning, which showed statutory profit before tax, which includes one-off items, collapsed by 91.9 per cent to £122m in ...
Three more directors suspended as Tesco scandal inquiry continues
October 15th, 2014
Three more Tesco directors were suspended yesterday as part of the £250m accountancy scandal at the UK’s biggest supermarket. Dan Jago, director of beers and wines, William Linnane, director of impulse purchases, and Sean McCurley, director of convenience, were ...
Tesco to suspend more senior staff over £250m accounting scandal
October 14th, 2014
Tesco is expected to suspend more senior staff as part of its ongoing investigation into a £250m black hole, according to The Independent. Five executives have already been asked to stand aside while an investigation by Deloitte and law ...
Two more audits choose Big Four
October 3rd, 2014
Two more listed companies have changed auditors. Safestore Holdings, which runs 97 self-storage units in the UK, has swapped its Big Four firms. Deloitte has been chosen to replace PwC as Safestore’s auditors. PwC has served as its auditors ...
Tesco in turnoil after profits overstatement
September 23rd, 2014
Tesco, Britain’s biggest retailer and one of its great corporate success stories of the last decade, has been thrown into turmoil after disclosing that it had overstated its first-half profit by £250m. Four senior executives were suspended and shares ...
China’s Tianhe denies overstating profits, cites investor support
September 11th, 2014
Tianhe Chemicals (1619.HK) has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia (MSPEA) has given it full support. A report by Anonymous Analytics, which describes ...
BVI Receives 2014 Offshore Estate Planning Gong
September 9th, 2014
The British Virgin Islands has been awarded the 2014 Offshore Excellence Award in Estate Planning by publishers Acquisition International. Receiving the award on behalf of the territory, Executive Director of the BVI International Financial Center, Sylvia Moses, said the ...
Chinese Company’s Shares Suspended on Critical Report
September 2nd, 2014
Trading in shares of Tianhe Chemicals, which raised about $650 million in a Hong Kong listing in June, was suspended on Tuesday morning after a report on a website affiliated with short-sellers described the company as “one of the ...
