24 Oct 2011
OLYMPUS HAS defended the change of auditors which took place after its acquisition of British business Gyrus.
A number of Olympus acquisitions have come under the spotlight after its chief executive left following his questioning of hundreds of millions of pounds in payments made during the spree.
Further reading
Olympus said its contract with auditor KPMG had come to an end in 2009, and due to this it also swapped auditors to Ernst & Young across its subsidiaries.
It claimed that both the group had received an unqualified audit opinion for the March 2009 year end.
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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.
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