Accountancy’s watchdog, the AIDB has denied recent press reports claiming that it has seriously criticized both PricewaterhouseCoopers and Andersen over their audits of collapsed bus-maker, Mayflower.
The company, which counted former prime minister John Major as a one-time non-executive director, collapsed amid a raft of accounting issues in 2003. The AIDB took on the investigation of the auditors and former finance director David Thomas Donnelly as its first case last year.
Cameron Scott, executive counsel of the AIDB, said it was close to wrapping up the investigation and the next stage would be to seek comments from interested parties. ‘We will shortly be reporting on our findings,’ he said.
KPMG set to take on the Legal & General audit from PwC, months after also nabbing Standard Life from its Big Four rival
There are 50 forces leading change in the global public sector that accountants need to prepare for, say ACCA
AIM-listed Bond International Software has had Kingston Smith and Partners appointed as liquidators.
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group