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.
Given the events of the past week as we enter new territory our SMEs now more than ever need the support of their accountants, writes Bobby Lane
The Financial Reporting Council has launched an investigation into the conduct of the Big Four firm in relation to its audit of BHS
The FRC says it best when it says nothing at all
Audit competition will drive many changes, but increased audit quality is extremely questionable