Deloitte took legal action in December after B&T could not honour
A spokesperson for the firm confirmed that B&T was a client but would not
specify what services had been provided. B&T finance director Chris White,
said: ‘We had a few cashflow issues and they got upset. They decided to take
action, but the situation has been resolved.’
‘They have given us various levels of corporate finance advice for a number
of years,’ said White. ‘Our cashflow issues are going away, but we are in a
tough sector,’ he added.
E&Y separately revealed this week that it had settled its case with Ferox
Capital Management over the early filing of the hedge fund’s accounts.
The firm is set to step down as the fund’s auditor despite the settlement,
which saw the Big Four firm make a charitable donation.
‘In most circumstances, including on this occasion, when you receive a claim
form from an audit client it’s inappropriate to continue as auditors,’ a
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.