‘This was rattled out pretty quickly and fortified with a few liveners.” The disciplinary tribunal report into Deloitte’s auditing of the scandal-bugged software giant Autonomy, released last week
‘This was rattled out pretty quickly and fortified with a few liveners.” The disciplinary tribunal report into Deloitte’s auditing of the scandal-bugged software giant Autonomy, released last week
Deloitte and Messrs. Knights and Mercer failed to fulfill their duty to check the reliability of Autonomyâs financial reporting, according to the report, which also noted that Autonomy was listed in the FTSE 100 at the time, the countryâs index of its largest publicly traded businesses.
âAutonomy was an important client for Deloitte generally, and for the Cambridge office in particular. It was the only FTSE 100 company audited from that office,â the FRC said.
In September, the FRC fined Deloitte £15 million ($19.5 million) and sanctioned Messrs. Knights and Mercer in relation to the Autonomy audits.
On Wednesday, the two former partners said they disagreed with the reportâs findings, adding that âat all times, we believe we acted professionally, diligently and in good faith.â
6 January 2021 • 5:34pm
We have reached the nadir of the crisis. No, not a knighthood for Matthew Hancock, though it can’t be entirely ruled out given the Prime Minister’s recent form.
Something much more alarming with ramifications for the entire nation: bakery chain Greggs, purveyors of mouthwatering take-away classics such as the humble sausage roll, has officially surrendered to the pandemic.
With 2,000 shops closed for much of the year, the retailer is hurtling towards its first loss since joining the stock market nearly 40 years ago. Annual turnover is expected to slump by more than £300m year-on-year, pushing it £15m into the red and bringing an abrupt end to a truly incredible roll.
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