TS NOTED that uber-caterers Compass Group are in the midst of their audit tender process, with incumbents Deloitte holding the baton for 27 years.
Will the ‘Big Four shuffle’, as coined by MSI Global Alliance chairman James Mendelssohn on Twitter today, continue? Or will one of the mid-tier pretenders pick up the work? TS doesn’t have a clue…
What we do know is that it’s likely to be a new experience for audit committee chair John Bason, CFO of Associated British Foods. A long-time finance chief at the food business (since 1999), ABF has had an even longer-term auditor – KPMG for 77 years, according to The Times.
He’d be forgiven for hitting autopilot and recommending KPMG for the Compass job…
UHY Hacker Young, the national accountancy group, has named Chris Smith as a new partner in its London office
Curiosity killed the cat, but doesn't appear to afflict accounting watchdog the FRC, muses Colin
The Treasury Select Committee criticises the FRC for a 'lack of curiosity and diligence' in deciding to not investigate KPMG’s audit of HBOS before the publication of a report financial regulators, the FCA and PRA
Despite concerns over the viability of BHS, advisers including Grant Thornton were paid in the millions of pounds for their roles, according to the Work and Pensions and Business, Innovation and Skills Select Committees