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08 May 2002
Barring a last-ditch settlement deal, the £200m negligence claim brought by Barings' liquidators KPMG on behalf of creditors against Deloittes is expected to last well into 2003.
Deloitte's Singapore practice audited Barings Futures Singapore in 1992 and 1993 two years before the merchant bank collapsed.
Last month, an appeal tribunal for the profession's senior watchdog, the Joint Disciplinary Scheme, upheld its findings against Coopers & Lybrand for the firm's role as auditor in the collapse of Barings.
Barings bank collapsed in 1995 amid unauthorised transactions in excess of £800m by rogue trader Nick Leeson.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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