RSM TENON is currently interviewing for a successor to PwC as its auditor.
The Independent reports that firms such as BDO, Grant Thornton, KPMG and Ernst & Young have all applied for the job.
Earlier this year listed firm RSM Tenon discovered irregularities in its books and uncovered a 9% drop in revenues to £107.8m. It also restated the prior year’s pre-tax profit and reduced it by £12.1m.
Deloitte was unable to throw its hat in the ring due to a conflict of interest; it discovered the irregularities while conducting due diligence work on behalf of HG Capital, a private equity company looking to acquire the firm.
Greg Tufnell, brother of former England cricketer and TV personality Phil, is reportedly leading the bid by Richess Group to secure control of retailer
Bernadine Burnell will lead challenger bank's internal audit function
EY's appointment as auditors of Shell has met with opposition from Standard Life Investments
Government proposes new set of material matters for audits of charities in order to align different UK jurisdictions