Plus: Full ruling in $5bn High Court case expected by end of Q1
Gareth Corfield Fri 26 Feb 2021 // 13:39 UTC Share
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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.