EY has resigned as auditor of peer-to-peer lender Kuflink after finding a litany of problems at the group, including worries about its general oversight.
Kuflink CEO Narinder Khattoare has said that the firm remains in “good health” after its auditor exited the firm after raising concerns about governance.
Auditor EY quit Kuflink in February according to a letter sent to Companies House. That letter said that the lender needed to improve its governance and record-keeping but there is no suggestion of any wrongdoings by the firm.
In response, the peer-to-peer lender has appointed a new auditor in MHA MacIntyre Hudson and has been working to address the issues raised.
Khattoare said: “I would like to confirm that the business has already successfully worked through many of these areas recorded by our old auditors with some still being addressed in collaboration with our new auditors.