Plus: Full ruling in $5bn High Court case expected by end of Q1
Gareth Corfield
Fri 26 Feb 2021 // 13:39 UTC
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Hewlett Packard Enterprise wants a High Court judge to formally consider a damning report which found that Deloitte auditors committed misconduct when they signed off British software firm Autonomy's annual accounts.
If successful, HPE's move would allow Mr Justice Hildyard to take into account the Financial Reporting Council's (FRC) extremely unflattering findings* against Deloitte and former auditors Richard Knights and Nigel Mercer, who, the FRC found, wrongfully signed off misleading statements in Autonomy's accounts.
Given that a substantial part of Lynch's High Court defence amounted to "Deloitte said it was OK so we did nothing wrong", having the FRC's findings read by the judge could punch a hole through his case.