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.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting