In a letter to shareholders, Equitable’s new chief Vanni Treves said the board at Equitable would consider suing its former auditor if it did not receive satisfactory explanations on a number of issues.
A report from law firm Herbert Smith and forensic accountants at PricewaterhouseCoopers raised ‘serious concerns’ over E&Y’s work at Equitable.
Treves said: ‘If we do not receive satisfactory explanations, and if it is cost-effective to do so, we will commence legal proceedings.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements