Auditors have qualified the accounts of West Coast Trading, an investment
vehicle of one of the UK’s most rich and famous entrepreneurs Sir Tom Hunter.
Johnston Carmichael qualified the accounts of his investment vehicle after it
could not obtain financial statements for insolvent retailer USC Group, one of
The auditors also entered into a limited liability agreement with West Coast
before signing off the accounts, reported the Telegraph.
‘When you start out selling trainers from the back of a van you know how to
tough it out when times get hard,” said Sir Tom.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester