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 average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Senior partner David Elliott has been appointed in KPMG’s Newcastle office