Deloitte, group auditor, and Grant Thornton, which audited its subsidiaries including the offshore unit in the Cayman Islands that is at the centre of the scandal, have both denied any wrongdoing. Parmalat, the Italian dairy giant, was thrust into the limelight at the end of 2003 when a gaping hole of ? ¬14bn (£9.65bn) was found in its accounts. Parmalat’s new managers in August opened a new front in its battle to recover funds by filing a $10bn (£5.47bn) lawsuit in the United States against both accountancy firms.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process