The auditors of Glasgow-based off licence chain G101 have had to qualify the
company’s accounts after being unable to verify the details of a transaction
between owner George King and the company, the Herald reported.
G101, which has about 50 stores across Scotland, posted operating profits of
£624,736 in the year to May 31, compared with £673,386 in the previous 12
Glasgow firm Rennie Smith & Co, which took over as auditor from JW Moore
& Co last year, issued a qualified opinion reflecting what it said was the
‘limited scope’ of its investigations.
The slip in profits was attributed to stiffer competition from supermarkets.
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