A tribunal was due to be held later this year to hear complaints laid against the firm by the JDS, the policing body for the accounting industry. The JDS found issue with 11 consecutive audit opinions on Equitable’s financial accounts.
The decision to delay the tribunal was welcomed by the firm. ‘We believe that this represents good common sense, and acknowledges our view that it is not practically possible to prepare for both a trial and tribunal hearing simultaneously,’ an E&Y statement said.
While the High Court case with Equitable would last for months, speculation is rife that the two will settle out of court much sooner.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal